Tax Policy

[Brief] UK Chancellor Rejects Calls to Raise Capital Gains Tax Ahead of October 28 Budget

The UK chancellor rejected Labour calls to align capital gains tax with income tax rates, with critics warning such a move could drive wealthy individuals out of Britain. Chancellor John Healey will set out his tax plans in the Budget on October 28.

California Billionaire Tax Proposal Secures Enough Signatures for November Ballot

Supporters of California’s billionaire tax proposal have announced they collected enough voter signatures to place the measure on the November ballot, potentially imposing an annual wealth tax on the state’s wealthiest residents.