Categories: Top Stories

Google cofounder Larry Page richest to exit California: $100bn revenue target at risk

As Californians gear up for the vote on Proposition 40, a one-time 5% wealth tax aimed at billionaires, tech mogul Larry Page, co-founder of Google, is contemplating a move out of state to dodge the hefty taxes. This potential exodus could threaten the proposed $100 billion revenue, with estimates suggesting a looming $29 billion shortfall in tax income as other affluent residents follow suit.

The News Vista

Share
Published by
The News Vista

Recent Posts

‘Nuclear threat will overshadow all’: Netanyahu’s Iran warning ahead of polls

Israeli Prime Minister Benjamin Netanyahu has issued a stark warning about the looming Iranian nuclear…

3 hours ago

Small trial finds ear device for high BP safe and easy to use at home

A recent study shows that stimulating the ear can help lower blood pressure. Known as…

3 hours ago

India wants to become a global talent hub. What needs to change?

Returning professionals are just one part of a wider flow of talent. Indians are coming…

3 hours ago