#wealth-tax

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www.theguardian.com
2 weeks ago
Business

Why are billionaires scared of Brazil's plan to hit them with a global tax? Because it makes perfect sense | Larry Elliott

Implementing a wealth tax on billionaires, like Jeff Bezos and Elon Musk, is proposed to address global financial challenges and reduce inequality. [ more ]
www.theguardian.com
2 months ago
UK politics

After 14 years of Tory cruelty, here are three ways Labour could use the benefits system to bring about good | Frances Ryan

Britain's safety net has been shredded, leading to poverty and sickness.
Utilizing the benefits system can bring about positive change by addressing poverty and hardship. [ more ]
Sacramento Bee
4 months ago
California

California Democrat pushes wealth tax as $68 billion deficit looms. Why it's getting attention

A California Democrat is renewing efforts to tax wealthy residents' net worth as a solution to the state's budget gap.
Assemblyman Alex Lee's bill, AB 259, would institute a 1% tax on the net worth of residents with more than $50 million in assets. [ more ]
Above the Law
5 months ago
Law

Finance Docket: Supreme Court Case Could Torpedo A Future Wealth Tax

The Supreme Court case of Moore v. United States, which involves a $15,000 tax liability, could have broad implications for income taxation and the concept of a wealth tax.
The case raises the question of whether income must be 'realized' by a taxpayer before it can be taxed by the government. [ more ]
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