French-American economist, tax havens scholar and EU Tax Observatory director
Across multiple major outlets, wealth concentrates at the top as SpaceX founder Elon Musk’s fortune surges with the company’s public debut. Economists say billionaire wealth has grown faster than wage growth, raising questions about tax policy and inequality.
Dallas City Council has approved a Morgan Stanley expansion plan, offering a major downtown office and up to a decade of property tax abatements. The deal includes a new tower, thousands of jobs, and tens of millions in net economic benefit for the city, while Goldman Sachs and JPMorgan Chase expand elsewhere in Texas.
New research proposes a 2% wealth tax on households with £100m+ assets to raise revenues and narrow inequality. The plan, authored by Gabriel Zucman and Ben Tippet, would require HMRC to assess total wealth, including private firms, assets, and charitable holdings, and would apply for a decade after wealth holders leave the UK. Prime Minister Burnham hints at tax reforms as discussions continue.