Proposition 40 targeted Californian billionaires with a 5% tax on their total wealth, including assets such as shares as well as income.
Californians reject wealth tax for billionaires
Related Posts
Banks accused of pushing customers away from basic accounts
Some of the UK’s biggest banks have been failing their most vulnerable customers, according to the financial regulator.
Target slashes 500 jobs as retailer seeks to invest in its stores
Executives said the reductions were part of a restructuring meant to help fix stagnant sales.
Trump says he will hike tariffs on EU cars to 25%
The current level of tariffs charged on goods entering the US from the EU is 15%, under a deal negotiated last July.