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

The story

Source: The Guardian World · NewTimes editorial text based on the source feed.

Company says deal will keep its chief executive living in California even if state brings in one-off billionaire tax Business live – latest updates 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.