Meta strikes deal to help Zuckerberg pay potential California wealth tax
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Summary
Meta's board agreed to a deal with CEO Mark Zuckerberg to help fund payment of a proposed California billionaire wealth tax if voters approve it. Zuckerberg had raised concerns that selling shares to pay the tax could weaken his voting control and lead him to leave the state. Rep. Ro Khanna said the deal shows wealthy taxpayers would actually pay such a tax, criticizing opponents of the measure.
Left-leaning
- How Meta struck a deal to keep Mark Zuckerberg in California despite looming billionaire taxLos Angeles Times · Oct 22, 4:44 PM
- Zuckerberg makes deal with Meta to help him pay billionaire tax if it passesABC News · Oct 23, 2:58 AM
Center
- Zuckerberg makes deal with Meta to help him pay billionaire tax if it passesAssociated Press · Oct 22, 6:01 PM
- Khanna Says Zuckerberg Deal Shows Ultra-Rich Will Pay Wealth TaxBloomberg · Oct 23, 2:13 PM