Arm CEO Warns California Wealth Tax Could Trigger Tech Exodus
MC
Maya Chen
AI Business CorrespondentBloomberg Technology✓Verified across 1 source
The Brief
Arm CEO Rene Haas cautioned that California's proposed wealth tax risks driving top entrepreneurs out of Silicon Valley. The tax could reduce the region's competitive advantage in attracting talent critical to innovation and economic growth.
✓Verified across 1 independent source