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Billionaires Flee California Amid Proposed Wealth Tax

1 min read
Source: Benzinga
Billionaires Flee California Amid Proposed Wealth Tax
Photo: Benzinga
TL;DR

Sergey Brin is reportedly moving his business entities out of California in response to proposed wealth tax policies, following similar actions by Larry Page, as part of a broader trend among tech billionaires to relocate assets to more tax-friendly states.

Topics:business#business#business-relocation#california#larry-page#sergey-brin#wealth-tax
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  1. After Larry Page, Sergey Brin Reportedly Moves Business Entities Out Of California Amid Proposed Wealth Tax  Benzinga
  2. Google Co-Founders Sergey Brin and Larry Page Reduce Ties to California  The New York Times
  3. See the list of California's 200-plus billionaires who could be hit by the proposed wealth tax  Business Insider
  4. Nvidia CEO Says He Doesn’t Care About California’s Proposed Billionaire Tax  The Wall Street Journal
  5. Commentary: California made them rich. Now billionaires flee when the state asks for a little something back.  Los Angeles Times

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