Jeff Bezos's wealth plunged by $9.8 billion, the most among those tracked by the Bloomberg Billionaires Index.
The popular method of tax avoidance involves the 2010 Foreign Account Tax Compliance Act, or FATCA.
There's still a strong sentiment in Congress that the tax break needs to be reduced or eliminated.
Singapore will overtake Australia to have Asia's highest share of millionaires.
The tax and energy bill passed Sunday after a year and a half of rocky negotiations.
There are signs China's government is easing pressure on the entrepreneur.
A Twitter shareholder filed to stop Elon Musk from backing out of his bid for the company.
The bill would require that taxpayers worth more than $100 million pay a minimum of 20% on their capital gains.
Shanahan is an attorney and research fellow and founded a firm helping patent owners.
The U.S. Senate's arcane budget rules threaten Democrats' plans to increase taxes on the wealthy.
Single-family offices are also concerns about keeping up technologically, according to an EY survey.
IRS says Carlos Kepke is one of the enablers who has help Americans hide untaxed billions abroad.
Shadow income that has historically flown under the tax radar is the subject of growing scrutiny from tax authorities.
Those who built their fortunes on crypto are learning they can also lose those fortunes in crypto.
Federal prosecutors said Hwang used Archegos as an “instrument of market manipulation and fraud.”
Private placement variable annuities are suitable deferral solutions for wealthy clients, advisors say.
Vladimir Potanin is an example of how quickly bastions of social capital are turning.
Billionaire Robert Brockman is facing the largest U.S. tax-evasion case against an individual.
Joe Biden made a fresh effort to overhaul the tax code.
The proposal adds new tax on unrealized capital gains for those worth $100 million or more.