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FB Roundup: US billionaire tax rise proposal, Chelsea FC bid deadline, BNY Mellon Global Family Office appointment

March 31, 2022

In this week’s FB Roundup, US president Joe Biden proposes a billionaire income tax; the preferred bid for new Chelsea FC ownership is to be presented by April 18; and BNY Mellon appoints a new head for global family office.

Joe Biden proposes billionaire income tax
US President Joe Biden has put forward a proposal for a Billionaire Minimum Income Tax in his fiscal year 2023 budget proposal.

As part of the Biden administration’s bid to reduce the United States federal deficit, the proposed tax will “Eliminate the inefficient sheltering of income for decades or generations,” according to The White House.

Jonathan Ruffer on navigating investment risks and market crises

October 15, 2021

In the 26 years that Ruffer LLP has been in existence, a clear pattern has emerged. When the market mood is either complacent or ebullient, equity indices tend to rise strongly, and we lag behind them. An ‘unexpected’ crisis then hits, and Ruffer quickly recovers lost ground.

The many faces of family business succession

October 27, 2020

While some financial commentators described the onset of the Covid pandemic in March 2020 as a so-called “Black Swan”—a one-off, rare and unpredictable event—it would appear that what we are dealing with is more of a migratory bird, a “Black Stork” if you like, whose movements recur with an element of (seasonal) regularity, at least until there is a circuit-breaker.

All change please: family businesses in an enterprising economy

January 1, 2004

The wellbeing of owner-managed and family businesses is central to the strength of the European economy as a whole.

The wellbeing of owner-managed and family businesses is central to the strength of the European economy as a whole. These firms account for more than 70% of employment in the EU and make a major contribution to economic output in all member countries. They provide a continuing source of entrepreneurial energy within the existing EU and are sure to play a key role in evolution of the economies of the new member states.

Entrepreneurship in Europe

November 1, 2003

GEEF, as the European representation of owner-managed and family enterprises, welcomes the Commission’s initiative to publish a Green Paper on Entrepreneurship in Europe.

GEEF, as the European representation of owner-managed and family enterprises, welcomes the Commission's initiative to publish a Green Paper on Entrepreneurship in Europe. The companies represented by GEEF are run by one or more entrepreneurial personalities who, with their families, own a significant part of the capital.

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