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The Times of India

Top News / The Times of India

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Google co-founder Larry Page leaves California ahead of billionaire tax vote

As Californians gear up to cast their votes on Proposition 40, which suggests a one-time tax on billionaires, notable figures like Larry Page have relocated their businesses far from the state's reach to evade this tax burden. While the tax could potentially rake in $100 billion, the exodus of these wealthy individualswho would collectively owe around $29 billionposes a serious threat to California's expected income from this tax initiative.

22 Oct 2026 8:44 am