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Biden wants to dismantle two weapons the richest 0.1% use to avoid taxes accountingtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountingtoday.com Daily Mail and Mail on Sunday newspapers.
Sharing is Caring! (Bloomberg) An unpleasant surprise for wealthy Americans was lurking halfway through a 114-page document released by the U.S. Treasury late last month. Technical provisions in the proposal not mentioned when President Joe Biden presented his plans to raise taxes on the rich in April could disrupt or dismantle some of the most popular ways super wealthy people have legally avoided taxes for decades. One target is dynasty trusts, vehicles that wealthy families can use to benefit multiple generations of descendants. Another is an even more common tool among the top 0.1% trusts that can move millions, and sometimes billions, of dollars to heirs tax-free. ....
Biden wants to dismantle two tax strategies used by richest 0.1% investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Dynasty trusts and capital gains levy when moving assets into some trusts are among the "Green Book" surprises. financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
Biden aims to dismantle weapons richest 0.1% use to avoid taxes bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.