“Talking about the super wealthy feels… tacky”

Jun 8, 2021 | Companies

Tags: Amazon, Facebook, multinationals, Rich list, Tax, Tax avoidance

The very, very, rich are as, if not more difficult to pin down and tax as the Amabucks of this world. It was ever thus. Every rock megastar of the 70’s biog tells of them scarpering to LA or buying big houses in France when the then Labour gov. vowed to tax them ‘until the pips squeak’; which, they decided, would happen at 98% of their income. The top ten in the recent Sunday Times Rich List could, mob-handedly, comfortably fund the vaccination of all of Brazil and India, and that excludes, of course, the illegally rich. You can see the thrust of Lenin and Trotsky’s argument. Come the revolution…

“Amazon invades financial services with home insurance launch”

Oct 25, 2022 | Companies

Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.

“Natwest and trio of private equity firms vie for Quilter”

Aug 2, 2022 | Companies

In the 80s and 90s, banks and building societies bought life insurance, pension companies and fund managers, took on lots of financial advisers and sold financial products by the bucket-load, by means both fair and foul, to their customers.

“Nutmeg losses climb 28% after JPMorgan takeover”

Jun 30, 2022 | Companies

If you’re offering cheap, online investment advice, you need volume to make it profitable. To get volume (ie lots of money), you need marketing (to get lots of people to log in and give you money). And that costs, particularly, as will inevitably be the case, most of...