Wealth tax

French senators warn of wealth ‘black box’ in tax system

What New York needs from Mayor Zohran Mamdani is not a retreat from progressive ambition, but the recognition that the city needs to compete for its tax base in a global market.

Why Mamdani’s New York has to fight to retain its crown

Property-based taxes may have limited room to run – and pushing them further risks hitting the wrong people, observers say.
BRUNCH

In taxing wealth, how far can Singapore push property owners?

Prime Minister and Finance Minister Lawrence Wong says wealth redistribution alone is insufficient to build a strong and resilient society.
SINGAPORE BUDGET 2026

Budget 2026: Over-reliance on taxing the rich risks shifting burden to middle class, says PM Wong

Taxing wealth via property tax, stamp duty, and motor vehicle-related taxes results in suffering for the middle-income and upper-middle-income groups too, says WP MP Louis Chua.

Top 1% of Singapore households hold 14% of total household wealth; top 5% hold 33%: Jeffrey Siow

The latest figures include a group whose effects on inequality were previously overlooked: property-owning retirees, especially landlords.
COMMENTARY

Should landlords worry? Singapore’s new inequality data suggests tough conversations will continue

California governor Gavin Newsom during an interview in San Francisco, California, Jan 29, 2026.

California wealth tax would cause rich to flee, governor Newsom warns

Tesla and SpaceX chief Elon Musk became the first individual to exceed US$500 billion in net worth.

Billionaires’ wealth hits new peak as their clout grows: Oxfam

Billionaires such as Checkout.com founder Guillaume Pousaz and Revolut chief executive officer Nik Storonsky have already exited the UK amid the scrapping its non-dom system that allowed tax breaks on overseas wealth for as long as 15 years.

Britain tries to fix its frayed relations with world’s rich

The COP29 gathering in Baku ended with developed nations agreeing to provide US$300 billion annually in climate finance to poorer countries by 2035, a figure criticised as way below what is needed to meet the challenge.

World has tools to unlock US$1.3 trillion in climate finance: COP30 report