Billionaires in US, Southeast Asia Say Higher Taxes Are Top Risk
- UBS survey shows debt woes, conflict are lesser risks for some
- Globally, family offices are most concerned about geopolitics
Governments around the world are seeking ways of reaping more revenue from the super rich.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Billionaire families in the US and Southeast Asia say higher taxes are the biggest risk over the next five years, topping other concerns including major conflicts and climate change, according to a new report.
A UBS Group AG survey of family offices — the firms set up by the world’s richest clans to manage their lives and wealth — found higher taxes were cited as the top five-year risk by 73% of US and 59% of Southeast Asian respondents.