Reported about 1 month ago
Silicon Valley is in a state of anxiety over a proposed tax plan targeting unrealized capital gains, which aims to tax the wealthiest individuals on their investment gains before selling. The proposal has stirred concerns among tech leaders about its potential to hinder innovation and venture capital, with some critics labeling it as impractical and detrimental to long-term investments. Wealthy donors supporting Democratic policies have also expressed discomfort with the plan, indicating its highly controversial nature within financial circles.
Source: YAHOO