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California's billionaire tax proposal: Economic risks and rewards of a first-in-the-nation wealth levy

California's billionaire tax would generate quick revenue, but Norway's example shows the longer-term economic impact of targeting the wealthy is unclear.

Insightpoliticsbusinesseconomics

cnbc.com·Business by Flipboard·1h ago·6 min read

Open letter urges next UK Prime Minister to implement a wealth tax on the super-rich

Opinionfinancepolitics

Shared by @jarramag1486.bsky.social ↗

you.38degrees.org.uk13d ago

California Gov. Newsom Signs $351.7 Billion Budget with New Software Taxes

Newspoliticsbusiness

Shared by @bloombergtax.com ↗

news.bloombergtax.com13d ago

Australia's capital gains tax extension on foreign-owned renewables advances despite industry opposition

Newspoliticsbusiness

Shared by @reneweconomy.com.au ↗

reneweconomy.com.au14d ago

Sergey Brin donates additional $25m to block California's proposed billionaire wealth tax

Sergey Brin gives $25m on top of $20m he’s already given to Super Pac trying to block state’s proposed 5% wealth tax

Newspoliticsbusinesswealth

theguardian.com·Tech by Flipboard·19d ago·4 min read

Trump threatens 100% tariff on countries with digital services taxes targeting US companies

U.S. President Donald Trump delivers remarks during a visit to a Mack Trucks’ assembly plant, in Macungie, Pennsylvania, U.S., June 23, 2026. Evelyn Hockstein

Newspoliticsbusinesstrade policyobd2reader.store·Tech by Flipboard·20d ago·1 min read

Tech executives spend over $100M to oppose California's Billionaire Tax ballot measure

The SEIU-UHW backed ballot measure, which has qualified to be on the November ballot, is facing extreme pushback from Governor Gavin Newsom and tech billionaires.

Newspoliticsbusinesscalifornia

kalw.org·Tech by Flipboard·23d ago·3 min read

Kim Moody critiques Canada's AI strategy and federal taxation approach

Opiniontechnologybusiness

Shared by @financialpost.com ↗

financialpost.com24d ago

IRS clarifies when credit card rewards may be taxable: The 'no spend' rule explained

Newsfinancepersonal finance

Shared by @debskay2298.bsky.social ↗

hindustantimes.com26d ago

Pew poll: 6 in 10 Americans say they pay too much in taxes, especially top earners

Newsfinancepolitics

Shared by @almarosar572.bsky.social ↗

cbsnews.com26d ago

Virginia House Budget Retains $1.9 Billion Data Center Tax Break, Removes Clean Energy Requirements

Opinionpoliticsbusiness

Shared by @amarten.bsky.social ↗

actionnetwork.org29d ago

Illinois Becomes First US State to Impose 0.2% Excise Tax on Digital Asset Transactions

Newsfinancepolitics

Shared by @cryptofox.news ↗

cryptofox.news1mo ago

UK Digital Services Tax Faces First Legal Test in Sabre Global v. British Airways Case

Insightfinancebusiness

Shared by @tax-law.bsky.social ↗

jdsupra.com1mo ago

Los Angeles County Measure ER half-cent sales tax passes to fund healthcare system

Supporters of the Measure ER half-cent sales tax rallied Wednesday to celebrate what they framed as a historic win for the region’s cash-strapped healthcare system.

Newspoliticshealthlocal government

latimes.com·📰 News·1mo ago·3 min read

Taxing AI properly is a simpler solution than complex regulatory schemes

Opiniontechnologyfinance

Shared by @financialtimes.com ↗

ft.trib.al1mo ago

Canada's clean economy tax credits suffer from low uptake and flawed design