Daily Archives: July 30, 2014

Social Media Habits of Millionaires Revealed

A recent survey of individuals with at least $1 million in investible assets shows that social media is not just popular amongst the masses but is equally popular amongst millionaires as well. 75% of the 1300 millionaires interviewed as part of the survey said they were active on social media. The general perception is that…

US Lawmakers Worried as Corporations Resort to Inversion Deals to Avoid Federal Taxes

Growing concern about frequent usage of a tax loophole being used by US companies to avoid paying federal taxes led to Sen.Ron Wyden, head of the US Senate Finance Committee, call for immediate remedial action. Companies are resorting to inversion deals, which involves the setting up or purchase of a small company in a low-tax…