#wealth-tax

#wealth-tax

I just felt like education, healthcare, all the things I care about that equalize society, were not being paid attention to [in Florida],

An entity tied to Google cofounders Sergey Brin and Larry Page moved out of California at the end of 2025, beating the deadline on a proposed wealth tax of the state's rich and powerful. T-Rex LLC, formed in 2006 and linked to Brin and Page, converted out of California into a Delaware LLC called T-Rex Holdings on December 24, 2025, according to a California filing reviewed by Business Insider. Prior filings over the past 20 years listed Brin and Page as managers of the LLC at a Palo Alto address.

Two council members, Greer Stone and Keith Rechdahl, have proposed regulations to stop assembling groups of neighboring homes to form a compound, as Zuckerberg has done. Neighbors have complained about construction noise, unmarked security vehicles and a loss of parking. Billionaires have done this previously in Palo Alto, such as when Google co-founder Larry Page bought up the properties of his neighbors on Bryant Street in the Old Palo Alto neighborhood.

"In our business wealth management and private banking Switzerland will remain the No. 1 location worldwide,"

France's lower house on Friday rejected a wealth tax proposed by the left, which has threatened to bring down the government if a levy on the super-rich is not in the budget. France is under pressure to pass a spending bill by the end of the year to rein in its deficit and soaring debt, but efforts have been hampered by a political deadlock.

The French Socialist party says it will fight to introduce a flagship wealth tax to raise revenue by targeting France's richest people, as the divided parliament prepares to begin debating next year's budget. Boris Vallaud, the head of the Socialist party grouping in parliament, said on Wednesday that taxing very high-wealth individuals in France was one of our principal battles and we're going to put all our energy into it.

French trade unions are leading a day of strikes on Thursday as they try to maintain pressure on the new prime minister, Sebastien Lecornu, to rethink budget cuts and consider a form of wealth tax on the super-rich. Lecornu has still not formed a new government after being appointed on 9 September amid a political crisis when his predecessor, Francois Bayrou, was dramatically ousted over proposed budget cuts.

Reeves said the exchange scheme would allow young people in Britain to be able to go and work, to travel, to volunteer, to gain experience, to learn languages in European countries. And we want young people from those European countries to also be able to come to the UK and have the same opportunities that my generation had to travel, work and study in Europe, she said.

Paul Nowak, general secretary of the Trades Union Congress (TUC), urged the chancellor to stay the course on her plans to invest in the country, adding that the government should not be afraid of adopting a little bit of economic leftwing populism. Ahead of the TUC's annual gathering this weekend, he called Nigel Farage an absolute political opportunist who could be challenged by Labour demonstrating that it was genuinely on the side of working people, through better employment rights and a fairer tax system.

"Inheritance tax continues to be a meal ticket for HMRC. While wealth taxes, IHT's uglier sibling, will be in the spotlight in the run up to the Autumn Budget it wouldn't be entirely surprising to see further tinkering with IHT too."

The Pay Up campaign, backed by over 20 civil society groups, calls for wealth taxes to avoid burdening the poor while transitioning to a sustainable economy.

Income inequality is an existential threat to society, impacting public health, educational outcomes, and housing security. We must address this pressing issue through local taxes.