/PRNewswire/ A new study published by the American Accounting Association finds wealth taxes in Europe are having an unexpected consequence: driving up.
In this time of market volatility, White & Case LLP partners Colin Diamond (Chair of US Public Company Advisory) and Henrik Patel (Global Head of Employment, Compensation and Benefits).
SEC holds roundtable discussion on corporate governance msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
BusinessWorld
April 27, 2021 | 6:26 pm
(Part 1)
Nowadays, free market capitalism is in great disrepute, attacked by both those from the left and the right. Considered almost as gospel truth during the second half of the last century, belief in the free market as the key to long-term economic progress and social justice suffered a serious blow by the beginning of the third millennium when there was more than enough evidence that free market forces kept hundreds of millions of people in both developed and developing countries in dehumanizing poverty. There was no automatic trickle down of incomes from the upper-income groups to the teeming masses. Inequality was the rule rather than the exception both within each nation and among nations. As measured by the so-called GINI coefficient, even the most developed countries manifested extreme inequality in incomes, not to mention in wealth.