Zuckerberg weighed leaving California over the wealth tax. Meta answered with a new class of stockMeta could have raised about $700 billion in equity capital before Zuckerberg lost majority control, a filing shows. The new share class will raise money without diluting him—and allow him to foot a potential bill in California.Fortune3d agoWhole story →TechnologyEconomycalifornia wealth tax proposal
Mark Zuckerberg Plots Deal to Pay Wealth Tax, Keep Meta ControlMark Zuckerberg had a dinner-table ultimatum with his board, which came after months of wrangling over the company's financing needs and a proposed California wealth tax. Meta will offer a new class of non-voting shares to existing investors, and Zuckerberg will have a special agreement that will give him the ability to sell some of that stock without…Bloomberg2d agoWhole story →Economycalifornia wealth tax proposal
Meta Cuts Deal to Keep Zuckerberg in California Amid Tax ThreatMeta Platforms Inc. is taking no chances that Mark Zuckerberg ends up living far away from the company he co-founded.Bloomberg3d agoWhole story →Economywealth tax proposal
Meta classified Zuckerberg as a researcher to claim $355 million tax break on $4.1 billion pay, NYT reportsMeta turned billions of dollars in Mark Zuckerberg’s stock compensation into a research tax break, arguing that its CEO’s work building Facebook qualified him for a federal government incentive for technological research. The company claimed roughly $355 million in tax savings tied to $4.1 billion in stock options Zuckerberg exercised, according to a New…TechStartups.com24d agoWhole story →EconomySecuritymeta tax dispute
Khanna Says Zuckerberg Deal Shows Ultra-Rich Will Pay Wealth TaxProgressive Democrat Ro Khanna lashed out at opponents of California’s proposed wealth tax after Meta Platforms Inc. revealed stunning details of how Chief Executive Officer Mark Zuckerberg negotiated a deal to fund his potential payment of the levy and stay in the state if the measure passes.Bloomberg1d agoWhole story →Economy
Mark Zuckerberg Cuts Deal With Meta Board To Keep Him From Fleeing CaliforniaZuckerberg considered fleeing California if billionaire tax passesDaily Caller2d agoWhole story →TechnologyEconomybillionaire tax proposal
Mark Zuckerberg Makes Deal With Meta To Help Him Pay Proposed California Billionaire TaxThe deal allows Zuckerberg to pay a potentially huge billionaire tax that is on the ballot in California without losing his ownership stake in the company he founded.HuffPost2d agoWhole story →GovernmentEconomycalifornia billionaire tax vote
Zuckerberg makes deal to pay proposed tax billSACRAMENTO, Calif. -- Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory filings published this week.Arkansas Online2d agoWhole story →HealthEconomycalifornia billionaire tax proposal
