The exodus of the ultra-rich to tax havens like Texas and Florida is accelerating — but people may still end up paying more tax than you'd expect

Though Florida and Texas famously have no personal-income tax, they still have to generate state revenue — so they hike up other types of tax.

View in browser Subscribe Business Insider brings you a personalized selection of our top business stories, every day. Was this email forwarded to you? Sign up for Business Insider here. The exodus of the ultra-rich to tax havens like Texas and Florida is accelerating — but people may still end up paying more tax than you'd expect Though Florida and Texas famously have no personal-income tax, they still have to generate state revenue — so they hike up other types of tax. READ MORE Premium Wells Fargo is confidentially surveying US employees about their vaccination status ahead of a broader return to office in September Wells Fargo's chief operating officer Scott Powell alerted all US employees to the survey on June 10 and requested a response by June 16. READ MORE Google has offered the UK government full oversight of its plan to abandon third-party cookies in Chrome, which sent the ad industry into a tailspin The tech giant offered the Competition and Markets Authority a 60-day 'standstill period' before it introduces any changes. READ MORE Premium Bank of America nabs high-yield bond salesman and leveraged finance veteran from UBS Matt Quarello is leaving UBS after almost 14 years. The high-yield salesman will join BofA amid a frantic week of people moves. READ MORE Executive pay soared during the pandemic, widening the gulf between CEOs and employees. These were the 5 execs who received the largest pay packages in 2020. Not only is the gulf between employee and executive pay widening, but executive compensation skyrocketed in 2020. READ MORE Premium Credit Suisse has lost at least 44 execs, bankers, and traders in recent months. Here's a running list of who left and where they're going. Dozens of Credit Suisse senior employee exits have surfaced since April. The bank has been rocked by exposure to the Archegos and Greensill implosions. READ MORE Apple boosts its 'Project Titan' electric car plan by hiring the cofounder of EV startup Canoo, who also spent 30 years at BMW Apple is is reportedly building a self-driving electric car, and has hired Canoo cofounder Ulrich Kranz to work on it, Bloomberg first reported. READ MORE Premium Goldman Sachs says these 40 popular stocks can be used to play the meme trade as surging retail volumes create huge money-making opportunities for investors who know when to get out Goldman Sachs unpacks the market indicator investors need to know to spot a possible meme stock and time when to buy and when to sell. READ MORE Premium How weight-loss app Noom convinced big-name investors to bet $540 million that it can remake the hottest part of healthcare In May, Noom raised $540 million from Silver Lake and Oak HC/FT. It plans to offer behavioral health tools for sleep and anxiety management. READ MORE Premium 12 bankers running fintech groups at firms like Morgan Stanley and Goldman Sachs give an inside look at dealmaking in the red-hot sector From Morgan Stanley to Goldman Sachs, these are 12 of the top fintech bankers on Wall Street brokering some of the sector's biggest deals. READ MORE Email sent to: ipat39@gmail.com   |   Manage preferences   |   Unsubscribe Terms of Service   |   Privacy Policy   |   © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006