Venture capitalist and Palantir (NASDAQ:PLTR) chairman Peter Thiel has reportedly donated $3 million to a committee opposing the proposed California wealth tax targeting billionaires.
Thiel’s contribution to the California Business Roundtable is expected to be the first of many from Silicon Valley leaders, and was made on Dec. 29, the New York Times reported, citing a new financial disclosure.
Put forward by a state health care union, the proposed initiative aims to tax California residents worth over $1 billion by 5% of their assets to offset …Full story available on Benzinga.com
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