Meta’s leadership, under pressure from California’s proposed wealth tax, has taken steps to restructure the company’s finances in a way that could reduce the personal tax burden on its founder. According to internal documents and interviews, the tech giant has explored shifting assets and income to other states with lower tax rates, while also considering legal challenges to the proposed legislation. Critics argue the moves could undermine the spirit of the tax while benefiting Meta’s executives, raising questions about corporate responsibility amid growing calls for wealth redistribution. The strategy highlights the broader tensions between Silicon Valley companies and progressive tax policies aimed at addressing economic inequality.
How Mark Zuckerberg Pushed Meta to Shield Him From California’s Proposed Wealth Tax The New York Times
