Zuckerberg Nearly Left California to Avoid Taxes! Meta Devised an Agreement to Keep Its Billionaire CEO
Mark Zuckerberg once considered leaving California over a proposed 5% wealth tax on billionaires. Meta Platforms reached a special agreement with him, allowing him to sell some of his non-voting shares to raise funds for potential tax bills in exchange for continuing to live where the company is headquartered for the next eight years.
Mark Zuckerberg once considered leaving California over a proposed 5% wealth tax on billionaires. Meta Platforms reached a special agreement with him, allowing him to sell some of his non-voting shares to raise funds for potential tax bills in exchange for continuing to live where the company is headquartered for the next eight years.