"That boat cost more than I expect my lifetime earnings to be." Billionaire sparks backlash after docking massive yacht in ...

The richest 1% are already responsible for nearly 30% of all unpaid taxes—amounting to $205 billion annually. That’s $562 million in unpaid taxes per day, or $6,500 every second. Ahead of Tax Day, ...

As part of an effort to further rig the tax code for corporations and billionaires, President Trump and Elon Musk have proposed cuts to the Internal Revenue Service (IRS) that would allow rich tax ...

Billionaires’ wealth globally grew three times faster in 2024 than the year before, global advocacy group Oxfam International says, as some of the world’s political and financial elite prepare ...

Today’s world is one where the outrageous fortunes of billionaires are growing daily. Oxfam reports that between 2020 and 2023, the richest 1% of the world’s population sequestered almost two ...

Secretary of State Marco Rubio unveiled an overhaul of the State Department on Tuesday, with plans to reduce staff by 15% while closing and consolidating more than 100 bureaus.

Tax Justice UK, Oxfam GB and Global Witness outline policies the UK government could take so those most responsible for ...

The term “economy” is often used as a catch-all, but the way it’s discussed by politicians and pundits is typically ...

A recent academic paper by Ram Singh, director of the Delhi School of Economics, has reignited the global debate on income inequality by offering fresh evidence that India’s wealthiest households may ...

Eight of the world's richest men own approximately the same amount of wealth as the poorest half of the population, a new report from Oxfam claims. Four of these eight billionaires are from the ...

That’s 247 more billionaires than last year ... That means, according to Oxfam figures, just 3,000 people (the 0.000036%) have more wealth than 99% of the planet – around eight billion ...

The yacht costs an estimated $10 million to $20 million to run every year and is one of a reported five belonging to the billionaire, each having its ... According to 2019 numbers from Oxfam, "The ...