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The Times of India

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TOI World Desk

Mark Zuckerberg strikes deal with Meta to stay in California amid proposed 5% billionaire wealth tax

Mark Zuckerberg Meta California Sergey Brin Palo Alto Artificial Intelligence Google

Meta CEO Mark Zuckerberg has struck a deal with the company to remain in California after reportedly warning that he could move out of the state if voters approve a proposed 5% wealth tax on billionaires. According to a Securities and Exchange Commission filing reported by Reuters and California Post, Zuckerberg raised concerns that the proposed levy could leave him facing a multibillion-dollar tax bill and potentially force him to sell shares in Meta.

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One subscription that gives you access to news from hundreds of sites

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