BBC News · Technology
Meta arrangement to help Zuckerberg cover potential California billionaire tax
Zuckerberg has secured an arrangement with Meta to help cover his costs from a possible California tax on billionaires. The Meta chief had previously said he would leave the state over the wealth tax. The tax referred to in the report has not yet taken effect.
Source published: Brief prepared:
What to know
- 01
An arrangement with Meta will help Zuckerberg cover a possible California billionaire tax.
- 02
He previously said he would leave the state over the wealth tax, which is not yet in force.
Why it matters
The arrangement links Meta to its chief’s potential tax costs, while the wealth tax itself has yet to take effect.
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