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Government vows to crack down on super-rich tax evaders

Government vows to crack down on super-rich tax evaders

Figures published last month for the first time since 2000 showed just how few of India`s top earners pay tax. Only six people earning over 500 million rupees ($7.4 million) filed returns in 2012-13.

'Super rich in emerging economies prefer 2nd home abroad'

UHNW individuals are defined as those with at least USD 30 million (about Rs 200 crore) in assets.

China now home to 1 million 'super rich': Report

The number of high net worth individuals (HNWIs) in China has passed the one million mark for the first time last year following a surge in the "innovative industries" sector, a study has shown.

Budget 2015: Tax hike for Super Rich

The Finance Minister proposed no change in the rate of personal income tax and rate of tax for companies in respect of income earned in the finance year 2015-16, assessable in Assessment Year 2016-17.

Nominal tax on super rich can lift 9 cr out of poverty: Report

The study found that in India, the number of billionaires increased from two in the 1990s to 65 in 2014.

Typical uber-rich philanthropist donates $25mn during lifetime

UHNW philanthropists in the US are most numerous, most generous and give the most frequently.

Global billionaire population to cross 3,800 by 2020: Wealth-X

Billionaires are defined as those individuals with a net worth of USD 1 billion or above.

'India has highest % of HNWIs wanting to give back to society'

India has the highest share of super-rich people globally who want to make a positive impact on society by giving back to their local communities in areas like health, education and children's causes, a report says.

India has highest share of HNWIs wanting to give back to society: Report

According to the World Wealth Report 2014, more than 90 percent of India's HNWIs seek to achieve more than just monetary returns while managing their wealth.

Global citizenship catching fancy of super rich in India, China

Global citizenship is becoming popular among the world's ultra wealthy and an increasing number of super-rich from Asia's two giants China and India are likely to trend this path in the coming years.

Black money: Super rich have $20 trillion in tax havens, says Study

The amount of black money deposited by a ‘global super-rich elite’ (rich individuals and their families) in offshore accounts is as much as USD 20 trillion, according to research published on Sunday.