Malaysian authorities arrested six individuals, including a senior police officer, for their involvement in armed robberies targeting wealthy foreigners, with losses estimated at around $1.1 million.
French tax authorities have reviewed the accounts of approximately one-third of wealthy families with significant real estate holdings who have not paid income taxes. The report reveals that around 58% of these affluent families faced tax adjustments.
Barclays has announced the departure of its head of private banking in Singapore at a critical time as the bank prepares for a full return to the market. This decision is part of the bank's efforts to strengthen its presence in the region.
Calls are growing for new taxes on the wealthy as economic disparities widen. Some governments are considering wealth taxes to alleviate burdens on the middle class and promote social justice.