London has fallen further down the wealthiest city rankings, with fewer millionaires now calling the UK capital home than New York, Tokyo and San Francisco.
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North America retains its position as the top global region for the super-rich, while Europe has overtaken a "lacklustre" Asia-Pacific according to Capgemini’s new World Wealth Report.
“There is significant scope for countries to improve the design and functioning of housing taxes,” declares the OECD, as it advises high-income economies including the UK to cut residential transaction…