Tax Favors Wealthy in London's Billionaires Row

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)

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10:05 - Bloomberg Daybreak: Americas hosted by David Westin and Jonathan Ferro. Guests include Dan Dicker, president at MercBloc, Michael Cohen, head of energy commodities research at Barclays, Michael Zezas, U.S. public policy strategist at Morgan Stanley, Komal Sri-Kumar, president at Sri-Kumar Global Strategies, and Anatol Feygin, chief commercial officer at Cheniere. (Source: Bloomberg)
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