Business families and startup founders are increasingly turning to trust structures to hold their shares, driven by the need to safeguard wealth, enhance tax efficiency, guard assets from creditors and ease the handover of control. The trend is noticeable in most companies that have gone public in recent times, with first-time entrepreneurs transferring part of … Read more
Ace stock market investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, died on 14 August. A self-made trader, investor and businessman, he was also known as ‘Big Bull’ of Dalal Street. As a qualified CA and son to an Income Tax officer, Jhunjhunwala had entered the stock market in 1985 when Sensex was … Read more
These gains could signal that inequality keeps increasing during the pandemic. Over the last 13 months, American billionaires added $1.62 trillion to their wealth – a 55% increase. This was a finding in the latest report from the left-leaning Institute for Policy Studies (IPS) and Americans for Tax Fairness (ATF). Both groups have tracked billionaire gains … Read more