Expert Warns: California Taxes Harming “Big Wealth Driver in the State” as Billionaires Flee
Michael Ewens says California’s tax structure could push founders and companies to lower-tax states, risking the jobs and investment they create.
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Exclusive | California millionaires hatch escape plans over fears the billionaire tax won’t stop at ultra-rich: wealth guru
California millionaires are spooked over the state's proposed billionaire tax, fearing it could be changed to target less wealthy households, according to a tax advisor to the ultra-rich.
California millionaires plan exits over fears billionaire tax could expand to smaller fortunes
Mere millionaires in California are now eyeing the exits over fears that a billionaire tax could be tweaked to target smaller fortunes, a tax advisor to the mega-rich revealed. The proposed 5% wealth tax on billionaires was just cleared for the November ballot this week — but California’s millionaires were already spooked about the ramifications...
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BizTocExpert Warns: California Taxes Harming “Big Wealth Driver in the State” as Billionaires Flee
The post Expert Warns: California Taxes Harming “Big Wealth Driver in the State” as Billionaires Flee appeared first on 24/7 Wall St.. The competition between states for talent, capital, and businesses has intensified over the past decade. Remote work, lower moving costs, and the rise of digital businesses have made it easier than ever for entrepreneurs to choose where they live and build companies. Investors have watched as states with lower t…
Why Is Newsom Fighting California’s Billionaire Tax?
LISTEN NOW: California voters are poised to vote on a one-time billionaire tax that would fund schools, food assistance, and Medicaid. Silicon Valley is spending big to keep the precedent-setting initiative off the November ballot, but the campaign's most powerful opponent isn’t a tech oligarch — it’s California Gov. Gavin Newsom, the Democratic power broker and potential presidential candidate. Today on Lever Time, David Sirota sits down with D…
In California, a law initiative to introduce a billionaire tax has taken an important hurdle. Especially well-known people from the tech industry are now instigating millions to stop the project. (Continue reading)
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