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Meta strikes deal shielding Zuckerberg from California wealth tax

Original: Meta strikes deal with Zuckerberg to protect him from California wealth tax

Meta has reached an arrangement with its chief executive Mark Zuckerberg that reportedly shields him from California's proposed wealth tax. The move, reported by The Guardian, raises questions about executive compensation practices at major tech firms and about how wealthy Californians are restructuring their finances as the state moves toward taxing large fortunes.

Why now: The reported arrangement touches on timely debates over wealth taxation, corporate governance and tech executives' tax avoidance.

MetaMark ZuckerbergCalifornia

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