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Economy & business · TechUpdated

California voters reject proposed one-time tax on billionaires' wealth

From France 24 ·
Headline from France 24
2 outlets · 3 reports · latest EN 2English 2 · 1 public broadcaster, 1 privateOwners: 1 public broadcaster, 1 private.
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California voters reject proposed one-time tax on billionaires' wealthPhoto: France 24

California voters have rejected a proposed 5% tax on the net worth of billionaires, handing a victory to tech leaders who poured hundreds of millions of dollars into defeating the measure. The defeat of Proposition 40 also marks a setback for progressives seeking to tax the…

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  1. France 24 · Californians vote on billionaire tax to replace federal cuts in healthcare funding

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