How will President Trump’s protectionism go over at the elite World Economic Forum meeting in Davos, Switzerland, which draws leaders who believe in globalism and free trade?
The legislation could send home prices tumbling, increase the region’s tax burden, and make it harder for local governments to pay for infrastructure.
Scarcely 5,000 estates a year fall under the tax, but those seeking to reduce or eliminate it have outsize influence.
Records from an offshore hideaway show how an American billionaire grew one of the world’s largest trusts and another owned part of a company accused of exploiting the poor.
President Trump likes to say he won’t cut taxes for rich people, but his press secretary just suggested otherwise.
The White House has highlighted the benefits of its proposed tax cuts, while leaving it to Congress to find revenue to pay for them. Three basic moves could make the math work.