Sergey Brin moves business entities out of California amid tax proposal | Fox Business

Google co-founder Sergey Brin has moved some of his business entities from California to Nevada in response to a proposed wealth tax targeting residents with net worths over $1 billion. The proposed tax, which aims to raise funds for healthcare and other public services, has raised concerns among high-net-worth individuals, leading to a potential exodus of billionaires from the state.