Europe politics
fromwww.theguardian.com
2 days agoOrban associates rush to move wealth out of Hungary after election defeat
The end of Viktor Orban's era in Hungary has triggered asset relocations by his associates to avoid accountability.
Businessman who was penalised by the US Treasury now helps wealthy clients acquire 'rare assets' An Irishman in Dubai sanctioned by the US because of his business dealings with Russia has reinvented himself as a consultant helping the super-rich invest in "rare assets".
One of the biggest business stories kicking off the year is the proposed wealth tax in California. The state's rich and powerful, worth more than $1 billion, would face a one-time 5% tax on their assets if the plan gets approved. The proposal, which aims to address a projected multibillion-dollar state budget deficit, has prompted plenty of grumbling among the California elite.