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CALIFORNIA WEALTH TAX PROPOSAL
Mark Zuckerberg threatens to leave California over 5% billionaire tax, Meta creates new Class C shares to help him stayMark Zuckerberg has threatened to leave California if the state introduces a proposed 5% billionaire wealth tax. In response, Meta has appr...- India must avoid copying China's aggressive tax policies on private wealth and offshore assetsDeveloping economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of em...
- Scion of one of India’s biggest fortunes puts his England mansion up for discount saleAnand Nadathur, inheritor of a huge fortune in India, has reduced the asking price of his opulent Surrey property from £19.5 million to £15...
- Meta beats expectations but legal penalties hit profit amid AI raceMeta beat investor expectations for third-quarter revenue on Wednesday as it doubles down on a global AI race but the social media giant's ...
- Cash-strapped China targets offshore wealth with new taxChina has introduced a 20 percent tax on dividends and interest from offshore trusts to combat a fiscal deficit. Wealthy citizens must sett...
- Meta strikes deal to keep Mark Zuckerberg in California after wealth tax concernsBy Carlos Me- Meta Platforms has struck a deal with Mark Zuckerberg to keep him living in California after the CEO warned he was considerin...
- ET Wealth Expo 2026: Explore the future of investing, financial security and intergenerational wealthFrom building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring ...
- United Airlines CEO Scott Kirby calls for inheritance taxes near 100% and a national wealth tax. What he wants the US to change and why it mattersScott Kirby, the CEO of United Airlines, has called for a nationwide wealth tax and higher inheritance taxes. He argues that wealth inequal...
- In 2026, Kofi Asante-led Bluecore Energy raised $50 million to put small nuclear reactors on floating bargesA nuclear power plant that floats on water and sends electricity to shore may sound unusual, but one startup wants to make it a reality. Bl...
- 1 Finance gets in-principle approval for India’s first MF Lite AMC licence1 Finance has received SEBI’s in-principle approval to establish India’s first MF Lite asset management company, targeting a Q4 FY27 launch...
- Thailand considers Rs 2,836 departure tax that could make trips costlier for Indian travellersThailand is contemplating a departure tax of 1,000 baht for travellers leaving the country and 450 baht for air arrivals. This proposal aim...
- California: Over a dozen wildfires raging across the state burn several homes and force thousands to evacuate as temperatures soarCalifornia has been hit by more than a dozen ongoing wildfires, and multiple homes in the LA area have been burned. Thousands of people acr...
- Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...
- Fairfax plans to fold IIFL Capital, Digit into IDBI Bank after Rs 52,878 crore India dealFairfax Financial Holdings plans to bring its Indian financial investments under IDBI Bank after India's approval of a Rs 52,878 crore ($5....
- Tech billionaire Peter Thiel bought Bel Air mansion Casa Encantada in Los Angeles for $130 millionPeter Thiel has been revealed as the purchaser of the mansion Casa Encantada, a Bel-Air property which sold for $130 million at a foreclosu...
- In 2013, Lakers coach Mike D’Antoni bought an ocean-view California home for $6.9 million; two years later, he sold it for $9.5 millionMike D'Antoni, the former Los Angeles Lakers coach, bought a home in Manhattan Beach for $6.9 million. He sold this property two years late...
- Who is Tom Steyer? The billionaire who spent $216 million but failed to advance in California’s Governor’s raceBillionaire investor Tom Steyer spent approximately $216 million of his personal fortune on California’s 2026 governor’s race but failed to...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- Google cofounder Sergey Brin bets $102 million to dodge a $13 billion tax bill as California billionaires head for the exitSergey Brin has committed $102 million against a proposed one-time tax on California billionaires. This tax could potentially cost him arou...
- Google cofounder Sergey Brin has spent over $100M to oppose California's billionaire tax. Here's how much he could lose if the proposal is passedBrin has contributed over $100 million to oppose California's proposed wealth tax on billionaires. Proposition 40 would impose a one-time 5...
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