While supporters argue California’s controversial wealth tax would rake in tens of billions of dollars in revenue, the state’s own Attorney General Rob Bonta is making sure voters understand that the ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. Its top 13.3% ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you run a business outside of California, you might not think ...

Critics of California's proposed billionaire tax say similar measures in Europe failed. Backers of the measure say they took ...

A proposed billionaire wealth tax in California is sparking debate over whether the measure, if passed, would lead to more harm than good if ultrawealthy residents in the state flee to other locales.

The California Attorney General (AG) recently issued Legal Opinion No. 23-701 stating that the California Office of Tax Appeals (OTA) has the authority to determine whether tax regulations issued by ...

California could be saying bye-bye to billions in tax revenue if voters approve a controversial wealth tax on the state’s roughly 200 billionaires. Ultra-wealthy taxpayers are actively making plans to ...