Dr. Ben Carson gave a bold tax proposal during the recent Republican debates, calling to eliminate all itemized tax code deductions, including mortgage and charitable deductions.
To make sure that your estate doesn't get a hitch, it is best to hire the right representative, also called an executor. Basically, an executor should protect the property of a diseased person until all the taxes and debts are paid. The executor should also make sure that whatever is left is passed on to the rightful heirs. The executor does not necessarily have to be a financial or legal expert.
Britain's finance minister, George Osborne, is planning to introduce a new "diverted profits tax" targeting multinational companies judged to have shifted profits overseas to avoid tax, the Sunday Times newspaper reported, citing government sources.