Yhn BusinessFinance first seen 5 d ago, last 1 h ago, peak #4
Meta deal shields Zuckerberg from California billionaire tax
Original: Meta strikes deal to protect Zuckerberg from California billionaire tax
Meta has reportedly arranged a deal that would protect CEO Mark Zuckerberg from California's proposed wealth tax on billionaires. The arrangement would reportedly let Zuckerberg shift his tax residency out of California, where he lives and works, before any new levy on extreme wealth takes effect. The news is drawing criticism from people who see it as Silicon Valley's wealthiest executives restructuring their affairs to avoid contributing to state finances.
Why now: Anger over a billionaire CEO avoiding a proposed tax while living in California is fueling debate about wealth inequality and tax avoidance
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