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

Meta has secured an agreement with its CEO to ensure he remains based in California, shielding him from potential new state wealth tax proposals targeting billionaires. The move comes as lawmakers consider a one-time tax on high-net-worth individuals, raising questions about how companies might structure deals to retain top executives amid financial pressures. The arrangement highlights growing tensions between state tax policies and corporate strategies to protect leadership from financial burdens. Details of the agreement remain limited, but it underscores broader debates over wealth taxation and executive compensation.

Company says deal will keep its chief executive living in California even if state brings in one-off billionaire taxBusiness live – latest updatesMeta 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. Continue reading...