Fortunes and Football Clubs - UK-based Russians Cashing In

GB : les riches toujours plus riches
leJDD.fr: Malgré la crise, les grandes fortunes britanniques ont vu leur richesse gonfler en moyenne de 18% sur les 12 derniers mois, sans toutefois détrôner de la première place le magnat de l'acier Lakshmi Mittal, selon le classement publié dimanche par le Sunday Times.

Dans un pays qui compte désormais 73 milliardaires contre 53 l'année dernière, soit presque le record de 75 atteint avant la crise, la reine n'arrive, elle, "qu'à" la 257e place avec une fortune évaluée à 300 millions de livres, en hausse de 3%. [Source: leJDD.fr] | Dimanche 08 Mai 2011

THE SUNDAY TIMES: Wealth goes through the roof » | Philip Beresford | Sunday, May 08, 2011 [£]

Rich Chinese Consider Leaving China
THE DAILY TELEGRAPH: More than half of Chinese "new rich" said they want to leave the country and are considering buying citizenship elsewhere, according to a new report.

While Western businessmen are heading East to make their fortunes, 60 per cent of those with fortunes of more than $10 million (£6 million), had either considered "investment immigration" or already completed the process.

Investment immigration allows rich individuals to effectively buy their residence in another country, in the hope that their money will trickle into the local economy. In the UK, anyone depositing £1 million in a bank account is permitted to stay.

A decade ago, the idea of having such sums to spare would have been beyond the imagination of most Chinese, but this year the number of Chinese boasting disposable assets of more than £1 million is expected to reach 585,000, nearly doubled the total in 2008. » | Malcolm Moore, Shanghai | Thursday, April 21, 2011

Obama's Bid to Beat the Deficit: Tax the Rich
THE AUSTRALIAN: BARACK Obama has set the scene for an ideological battle in next year's presidential election, announcing tax increases for the wealthy.

The proposed hike is part of his plan to reduce the federal budget deficit by $US4 trillion ($3.8 trillion) over 12 years.

In a break from his conciliatory style, Mr Obama has ripped into his Republican opponents for trying to put the burden of deficit reduction on the poor and elderly while continuing to cushion the wealthy.

The President announced a broad plan for reducing the US budget deficit yesterday, including cuts to government health programs and defence spending.

But he raised Republican hackles by refusing point blank to extend tax cuts introduced by the Bush administration for people earning more than $US250,000 a year.

Mr Obama said he had agreed to renew the tax cuts for high-income earners once, as part of a deal with Republicans to guarantee cuts for the middle class. "I refuse to renew them again," he said. » | Brad Norington, Washington Correspondent | The Australian | Friday, April 15, 2011