capital flight
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Business
Billionaire Tax Exodus: UK and California Face Wealth Flight
David Reuben’s confirmed relocation to Monaco signals the tangible consequences of Britain’s abolition of non-domicile tax status, marking a pivotal…
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Business
California Proposition 40 Targets Billionaires With 5% Wealth Tax
A one-time levy targeting California’s wealthiest residents has become the most consequential fiscal question on any state ballot in the…
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Business
Sergey Brin Leads $187M Fight Against California Wealth Tax Prop 40
Google cofounder Sergey Brin has contributed $102 million to defeat Proposition 40, a November ballot measure that would impose a…
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Lifestyle
California Billionaire Wealth Tax Faces $187 Million Opposition Campaign as Tech Leaders Flee
More than $187 million has flooded into the campaign to defeat California’s proposed wealth tax on billionaires, transforming a ballot…
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Business
California Billionaire Tax Support Slips as Luxury Real Estate Market Stalls
Support for California’s Proposition 40, a proposed one-time wealth tax targeting residents with assets exceeding $1 billion, has fallen below…
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Business
California’s Billionaire Tax Puts Its Wealthiest Residents on the Ballot
California’s highly progressive personal income tax makes the state budget especially sensitive to economic downturns and the migration of high-net-worth…
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Business
Billionaires Leave High-Tax States as Florida’s Wealth Hubs Surge
MIAMI — Florida’s constitutional ban on personal income, capital gains, and wealth taxes is drawing billionaires away from states pursuing…
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