Ian Brodie
Daily Wealth Letter
a daily synopsis of the wealth news that’s most relevant, timely and dependable
Compiled and edited by Ian Brodie of The Wealth Forums (www.thewealthforums.com)
NUMBER 348 FRIDAY, DECEMBER 2, 2016
Problem clients get the boot
Thousands of clients are being booted out of bank accounts in Asia’s wealth management industry, which is cleaning up after a money laundering scandal in Malaysia, the ‘Panama Papers’ expose, and a global push for tax transparency, bankers say. READ MORE: http://thewealthforums.com/
Rootless rich consider Dubai, Monaco
Numerous international families living in Britain are beginning to re-examine their options. Within days of the Brexit vote, Britain’s rivals were rolling out the red carpet for any wealthy foreigner residents considering a move following planned changes to the taxation of “non-doms”, residents whose domicile or permanent home is abroad, the FT reports. READ MORE: http://thewealthforums.com/
Average wealth falls, millionaires flourish
The number of millionaires living in the Middle East and North Africa (MENA) has grown by 330 percent since 2000 and is expected to reach 460,000 by 2021, according to new research by the Credit Suisse Research Institute (CSRI). READ MORE: http://thewealthforums.com/
The Wealth Letter is published every business day by The Wealth Forums: www.thewealthforums.
