16 of France's mega-rich signed a petition urging the goverment to raise their taxes. Despite relatively high taxes and a wealth tax signatories such as the L'Oreal heir and the head of a major oil company, Total, are asking the government to raise their taxes to help solve the country's financial issues. Original petition (French).
9 Things The Rich Don't Want You To Know About Taxes - "4. Many of the very richest pay no current income taxes at all: Paulson made himself $9 billion in fees in just two years. His current tax bill on that $9 billion? Zero... 9. Other countries do it better: no one in Germany or the rest of the modern world goes broke because of accident or illness" (via) [more inside]
Millionaires' Havens, Heavens And Hell Holes: Ghastly, depressing Monaco comes in for a deserved drubbing from Philip Delves Broughton in this week's Spectator. The idea of billionaires surfing the Web looking for a hide-out makes me giggle and gag, but it appears poor people can play too. Have a look at (free!) e-zine Escape From America; run your index finger down a list of tax havens and choose the
paradise place you'd scarper off to, if your money problems, whether from excess or lack of money, ever become too [sorry...] taxing.
Gates, Buffett & Soros unite to fight . . . the estate tax? I think this is a good thing. It's definitely odd.