Juliet Chung

3 weeks ago | wsj.com | Juliet Chung |Richard Rubin

Harvard, Stanford and others want Congress to lower tax rates in Trump’s bill. In return, they would agree to a requirement to spend billions more. Some of the nation’s wealthiest universities are hoping to avoid a huge potential tax hike by pitching an alternative plan to Congress: a pledge to spend more of their own money.

1 month ago | cn.wsj.com | Juliet Chung

众议院共和党人提高大学捐赠基金税收的计划，可能引发一代人以来此类基金投资策略的最大转变。该共和党计划是更广泛的特朗普法案的一部分，该法案上周已在众议院获得通过，现将提交参议院审批。如果该法案通过，一些规模最大的捐赠基金的投资收益税率将从1.4%提高到21%，与美国公司的纳税水平一致。其他学校的税负也将大幅增加。Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1 month ago | wsj.com | Juliet Chung

GOP bill includes a much higher levy on schools’ endowment income, potentially spurring a big shift in where billions of dollars are investedHouse Republicans’ plan to raise taxes on university endowments could drive the biggest shift to endowments’ investment strategies in a generation. The GOP plan is part of the broader Trump bill that passed the House last week and now moves to the Senate for approval.

1 month ago | jp.wsj.com | Juliet Chung

デレク・オルソン氏は自分の会社を経営するという高揚感を夢見て育った。数十年後、その夢は実現し、富を築いた。だがその方法は彼の想像とはやや違っていた。小学校のカーペットなどの床材を剝がす機械を製造する事業で成功したのだ。　「それがどれほど魅惑的な仕事か説明しよう。米国の平均的な小学校には全長11キロメートルのカーペットが敷かれており、児童らは見事なまでに汚しまくる」。ナショナル・フローリング・イクイップメントの最高経営責任者（CEO）で2児の父であるオルソン氏は笑いながらそう話す。「だから小学校は基本的にほぼ毎年、夏に床材を張り替える必要がある。誰も知らないニッチな業種でありながら、誰もが必要としている」Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1 month ago | wsj.com | Juliet Chung

The majority of family offices surveyed by UBS have an estate plan in placeThe percentage of super wealthy families globally that has a will or estate plan in place inched up to 53% this year from 47% a year earlier, a new UBS survey of its family office clients shows, as a decadeslong transfer of wealth from older generations to their heirs picks up steam. The increase is small but notable given the difficulties often associated with succession planning for the wealthy.