Ray Madoff The Second EstateHow the tax code made an Americanaristocracy192pp. Chicago University Press. £19 (US$25). Vanessa S. Williamson The Price of Democracy The revolutionary power of taxation i

Cultural Crusader

It’s easy to coast along, thinking the words ‘inheritance tax’ only affect the very rich. But the truth is that this hefty tax bill could well impact you and your family. Inheritance tax is paid on th

Investors hoping to put money into venture-capital trusts (VCTs) before the end of the tax year may need to move quickly. Several popular funds appear to be at risk of selling out well before then, fo

Issue of the week: currency gyrations The “debasement ...

“Perhaps he’ll do an Elvis and have a fatal heart attack on the loo,” a friend muttered this week. Like most investors, she is having trouble getting used to the idea that the US president has become