Article 797HY Meta strikes deal with Zuckerberg to protect him from California wealth tax

Meta strikes deal with Zuckerberg to protect him from California wealth tax

by
Graeme Wearden
from World news | The Guardian on (#797HY)

Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax

Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires.

The social media company behind Facebook, Instagram and WhatsApp revealed on Wednesday night that the arrangement would keep its chief executive living in California, where its headquarters are located.

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