#tax-revenue-loss

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#california-wealth-tax #billionaire-tax-avoidance #wealth-migration #tobacco-taxes #cross-border-purchases
California
fromFortune
5 days ago

Only 6 billionaires left California over its proposed wealth tax - but they took $27 billion in potential revenue with them | Fortune

Six California billionaires departing before a proposed 5% wealth tax would cost the state approximately $27 billion in projected tax revenue, representing roughly one-fourth of the initiative's $100 billion goal.
Public health
fromenglish.elpais.com
6 months ago

Dutch smokers cross borders to buy tobacco

Higher Dutch tobacco taxes prompted cross-border purchases and illegal trade, causing major tax revenue losses and only modest reduction in smoking rates.
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