All articles tagged with #billionaire tax
Originally Published 1 day ago — by Los Angeles Times
California's proposed Billionaire Tax Act aims to impose a 5% one-time tax on billionaires residing in the state, prompting some of the wealthiest to consider relocating to avoid the tax, raising concerns about potential impacts on California's economy and public services.
Originally Published 3 days ago — by The Guardian
California is considering a billionaire tax proposal that could lead to a divide among tech leaders, with some threatening to leave the state for tax-friendly locations like Texas and Florida, while others like Nvidia's Jensen Huang support the tax, citing fairness and the need to fund public services.
Originally Published 13 days ago — by Business Insider
Attorney Alex Spiro warned California's governor that his billionaire clients would relocate if a proposed wealth tax passes, citing legal and economic concerns, including potential constitutional issues and capital flight.
Originally Published 3 months ago — by Reuters
Bernard Arnault, France's richest man and CEO of LVMH, strongly opposes a proposed 2% wealth tax on billionaires, criticizing it as harmful to France's economy and attacking its architect, economist Gabriel Zucman, as a far-left ideologue. The tax, targeting assets over 100 million euros, has significant public support and political momentum in France.