Yhn BusinessFinance first seen 4 d ago, last 55 min ago, peak #4
Meta deal shields Zuckerberg from California billionaire tax
Original: Meta strikes deal to protect Zuckerberg from California billionaire tax
Meta has reached an agreement that protects chief executive Mark Zuckerberg from California's proposed billionaire tax, according to reports circulating on Hacker News and picked up by Yahoo Finance. The arrangement would spare Zuckerberg a potentially large personal tax bill on his vast Meta holdings. The news comes alongside separate coverage of a record $25 billion penalty Meta is facing. Commenters are debating whether such arrangements for executives are fair to ordinary taxpayers.
Why now: A reported arrangement sparing one of the world's richest men from a new state wealth tax is drawing attention amid wider scrutiny of Meta's finances and executive pay.
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