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Sunday, May 5, 2019

IPOs bring tax jackpot for California; can lawmakers resist?


IPOs bring tax jackpot for California; can lawmakers resist?



Uber and Airbnb are among at least six California-based companies valued at more than $1 billion expected to go public this year, creating a new class of millionaires and billionaires and a welcome quandary for the state's budget writers.

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