Oct. 25 (Bloomberg) -- Billionaires living in London's Kensington pay only 32 pounds ($51) more tax on their mansions than the families living just around the corner in their rented 3-bedroom rowhouses.
The disparity prompted the coalition government’s Liberal Democrats to push for a so-called mansion tax of 1 percent a year for homes valued at more than 2 million pounds. Their coalition partners, the Conservative Party, rejected the idea. (Source: Bloomberg)
Jan. 28 -- McDonald’s named Chief Brand Officer Steve Easterbrook, 47, as its next chief executive officer, saying that current CEO Don Thompson, 51, is stepping down in March. Bloomberg's Betty Liu reports on "Taking Stock."