Economy
California’s one-off tax on billionaires is heading for defeat
WHAT TO KNOW
Al Manar: The proposal known as “Proposition 40” calls for a five percent tax on the total net worth of around 200 billionaires in the state, with most of the proceeds earmarked to fund healthcare. But with around 60% of the votes counted, opponents of the proposal had secured 55,6% against…
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