TechNew York Times1h ago
SEC filings show how Meta restructured its stock
SEC filings show how Meta restructured its stock to shield Mark Zuckerberg from California's proposed wealth tax, after he said he'd sell his Palo Alto home
TL;DRMeta restructured stock to help Zuckerberg dodge California's potential wealth tax.
Why it matters: Shows how billionaires use corporate structures to minimize taxes before policies pass.
The billionaire told Meta's board that he planned to list his Silicon Valley home for sale. The company remade its stock structure to help him pay the tax if voters pass it.
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