09/23/2012

Belgium minister rules out wealth tax

"A wealth tax is a door we must leave shut during this legislature," Vanackere said of the 30 months before the centrist six-party coalition headed by Socialist premier Elio Di Rupo faces elections.

09/20/2012

UBS ignored rules for profit, says "rogue trader" lawyer

Managers at Swiss bank UBS turned a blind eye when traders exceeded their agreed limits as long as the bank was making money from their deals, a lawyer for accused "rogue trader" Kweku Adoboli told a London court on Thursday.

09/18/2012

Spain to Keep Wealth Tax in 2013 Budget

The Spanish government will keep a tax on the wealthiest in the 2013 budget as the country aims to cut its deficit down to 4.5% of the gross domestic product next year, reports Expansion in its Wednesday Internet edition, citing unidentified sources close

09/18/2012

France To Undo Sarkozy's Wealth Tax Reform

Despite having originally planned major wealth tax reforms, the French government is now resigned to the idea of merely re-establishing the previous wealth tax scale of between 0.55% and 1.8%, and to introducing a fiscal cap of 80% of income to accompany