TechTechCrunch1h ago
Mark Zuckerberg’s creative plan to pay California’s proposed
Mark Zuckerberg’s creative plan to pay California’s proposed billionaire tax without losing control of Meta
TL;DRZuckerberg created new stock class to pay California's billionaire tax while keeping voting control.
Why it matters: Shows how the wealthy engineer financial structures to comply with taxes without losing power.
A newly launched stock class being offered was partially engineered to help Meta founder and CEO Mark Zuckerberg pay the "billionaire's tax," should the measure be voted into law.
Read full articleSource: TechCrunch · Opens in new tab