The Epoch Times
By
October 30, 2021 Updated: October 30, 2021
A new survey published by UBS Global Wealth Management found that a significant proportion of U.S. investors with at least $1 million in assets are taking action to get ahead of the tax changes proposed by the Biden administration as “their optimism in the economy wavers due to concerns about politics, potential tax increases, national debt, and inflation.”
“Investors would like to get ahead of potential changes by making adjustments to their portfolios,” UBS said in the survey (pdf), noting that 40 percent said that, due to potential tax changes, they’re thinking about shifting assets that aren’t generating profits.