Larry Page Buys $170M Florida Estate, Leaves California
Google co-founder Larry Page purchases two Miami properties for over $170 million, moving from California as the state prepares to vote on a billionaire wealth tax.
Category : Search result: Silicon Valley tax exodus
Bengal Software Exports Jump 5X, Major IT Expansion Ahead
West Bengal's software exports surged from Rs 8,000 crore to over Rs 40,000 crore in 15 years. The state plans Rs 30,000 crore investment in Bengal Silicon Valley and aims to boost AI and data centre growth.
Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
Newsom Opposes Billionaire Tax, Fears Wealth Exodus
California Governor Gavin Newsom vows to block a proposed billionaire tax, warning it's already driving wealthy residents out of the state and costing billions in lost revenue.
Canadian Slams 'Switzerland of India' Tags, Says India Stands Alone
Caleb Friesen, a Canadian living in India since 2017, criticizes comparisons like 'Silicon Valley of India' as diminishing India's originality. His viral post sparks debate about self-pride and colonial mindsets.
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
Direct Tax Collection Grows 8.82% to Rs 18.38 Lakh Crore
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
Tech Billionaire Exits California Due to Wealth Tax Act
DoorDash co-founder Andy Fang announces exit from California, citing the state's 2026 Billionaire Tax Act. He joins a growing exodus of tech leaders fearing punitive measures on founder-controlled shares.
Influencer: 'Silicon Valley of India' tag for Bengaluru is illogical
A Canadian tech influencer criticizes derivative labels like 'Silicon Valley of India' for Bengaluru, sparking a debate on embracing India's unique identity. Read the full story.
California's Billionaire Tax Targets 200+ Tycoons
California's proposed Billionaire Tax Act could impose a one-time 5% levy on over 200 ultra-rich residents from Jan 2026. Will it trigger a capital exodus? Read the full list.
New Income Tax Act 2025: Single 'Tax Year' From April 1
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
New Income Tax Act 2025 Effective From April 1
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
Google Founders Reduce California Presence Over Wealth Tax
Google co-founders Sergey Brin and Larry Page are moving business entities out of California, reacting to a proposed wealth tax on billionaires. Read the full analysis of this Silicon Valley shift.
Income Tax Act 2025 Replaces 1961 Law from April 1
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
Tax Dept Tightens Compliance with 'Nudge' Campaign
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
40,000 Prayagraj homes face action for unpaid property tax
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
Bengal Silicon Valley: LTI Mindtree's Rs 2,500 Cr Hub
West Bengal's IT minister reviews Bengal Silicon Valley progress. LTI Mindtree's massive campus, part of a Rs 2,500 crore investment, will house 25,000 professionals, boosting Kolkata's tech hub ambitions.
Bengal IT Minister Reviews LTI Mindtree's Silicon Valley Project
West Bengal's IT hub gets a major boost as LTI Mindtree's Rs 2,000 crore campus at Bengal Silicon Valley progresses. Phase I to be ready by April 2026, creating 7,000 jobs. Read more about Kolkata's IT transformation.
2026 Trend: Friction-Maxxing Gains Traction in India
As 2026 begins, the 'friction-maxxing' movement challenges tech-driven convenience. Explore why embracing effort and discomfort is becoming a new growth mantra for personal development in India.
MCG Recovers ₹295 Crore in Property Tax from Defaulters
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
Nvidia CEO Huang: 'Perfectly Fine' with Billionaire Tax
Nvidia CEO Jensen Huang says he's 'perfectly fine' with California's proposed billionaire tax, which could cost him over $7.8 billion. He values Silicon Valley's talent over taxes. Read the full story.
Larry Page Moves Business Out of California Before Wealth Tax
Google co-founder Larry Page relocates key business entities from California to Delaware, ahead of a proposed state wealth tax that could cost him over $12 billion. Read about the tech exodus.
145+ Nations Agree on Updated Global Minimum Tax Deal
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
David Sacks: Miami, Austin to Replace NYC, SF as US Hubs
White House AI czar David Sacks predicts Miami will replace New York as America's finance capital and Austin will dethrone San Francisco as the tech hub. Read about the tax exodus driving this shift.
No Shoes Trend in US Tech Startups Post-Pandemic
US tech startups like Cursor and Spur are adopting 'no shoes' policies, creating a home-like office vibe. Experts link it to post-pandemic habits and Silicon Valley's intense '996' work culture. Discover the reasons and challenges.
David Sacks Leaves California for Texas Over Wealth Tax
Venture capitalist David Sacks, Trump's crypto advisor, relocates to Texas, criticising California's proposed wealth tax. Tech titans Elon Musk and Michael Dell welcome him. Read his full argument for tech's geographical diversification.
OpenAI's $1.5M Avg Pay Beats Meta in AI Talent War
OpenAI pays employees an average of $1.5 million in stock, topping Meta's AI salaries. The ChatGPT-maker's compensation is 34x higher than other tech giants pre-IPO. Read more.
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