How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax
The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
Summary from New York Times
How 5 outlets are covering it
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ABC NewsZuckerberg makes deal with Meta to help him pay billionaire tax if it passes
Mark Zuckerberg has made a deal with Meta to help him pay a proposed billionaire tax that is on the ballot in California
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TechCrunchMark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
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CNBCMeta’s deal to keep Zuckerberg in California adds fuel to wealth tax debate ahead of election
With less than two weeks before the midterm elections, Meta made clear that Mark Zuckerberg is staying in California if the wealth tax passes.
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CBS NewsMark Zuckerberg threatened to leave California over wealth tax
Zuckerberg has agreed to remain in California for eight years as part of a board-approved plan to create new shares he can sell to pay a proposed wealth tax.
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New York TimesZuckerberg’s Big Deal to Stay in California
The agreement that Mark Zuckerberg, Meta’s chief executive, cut to stay in California underscores businesses’ fears about a major tax proposal.
Read on New York Times -
CNBCCalifornia's Proposition 40: What voters need to know about the billionaire wealth tax
California's billionaire wealth tax, Proposition 40, looks like a close call based on recent polls. Here is what to know before Election Day on Nov. 3.
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New York TimesHow Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax
The billionaire told Meta’s board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
Read on New York Times
