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.
A group of UK-based millionaires have signed an open letter urging Prime Minister Burnham to tax the very wealthy. The letter argues wealth tax could fund public services and reduce inequality. Signatories include Gary Lineker, Val McDermid, Richard Curtis and Brian Eno. The government says any changes will be announced in due course at the budget.