Financial Times: Silicon Valley’s Elite Rattled by Prospect of Tax on Unrealized Gains
media mentionA novel proposal to tax the unrealised gains of wealthy Americans has incited fury from Silicon Valley’s richest investors.
US vice-president Kamala Harris, the Democratic nominee for the 2024 presidential election, rolled out a tax plan last week aimed at raising nearly $5tn over a decade. It included support for the controversial tax proposal, which was also part of President Joe Biden’s federal budget plan for 2025.