Independent thinking for complex markets and current events
California’s controversial wealth tax proposal leaves billionaires with little way out. The proposed California billionaire tax includes a special provision that makes it highly unlikely that anyone who wants to leave the state could avoid paying, according to tax attorneys. The Billionaire Tax Act, which could be added to the state’s general election ballot in …
Canada is creeping toward full authoritarianism. The government just passed a law banning cash payments over $10,000. Buying a car, farm equipment, or making a donation? You could face triple fines, and they can come after you for it up to eight years later. Imagine the machine getting so comfortable with their power that they …
Canada just sent a $2 billion invoice to American tech firms. No warning. No negotiation. Just a retroactive tax bill going back to January 2022. The 3% Digital Services Tax is now live. Google, Meta, Amazon, Uber, and others are on the hook. The first payment is due June 30, 2025. The tax applies to …