Trending
Prev Story
Next Story

Zuckerberg’s deal to stay in California cheered by wealth tax campaign

The Australian Financial Review (AFR) •
October 25, 2026 • 05:15 AM
1
1 reads 0 reactions

For proponents of the tax, Meta’s decision to change its capital structure to help its CEO pay the potential bill shows the tech sector’s deep roots in the state.

Zuckerberg’s deal to stay in California cheered by wealth tax campaign

New York/Washington | Campaigners for a wealth tax on California’s billionaires have seized on Mark Zuckerberg’s agreement to stay in the state as evidence supporting their cause, as the wildly expensive ballot fight enters its final days.

Meta last week announced a change to its capital structure under which Zuckerberg will be allowed to sell enough shares to cover his potential $US11 billion ($15.6 billion) tax bill without diluting his control of the company after he warned the company he was considering leaving the state.

Gift articles to anyone you choose each month when you subscribe.

Prev Swipe Story Next

Same Story from Other Publications

Compare how 6 other independent news outlets reported on this story.

6 Publications
CNN International
3d ago
California voters reject one-time wealth tax on billionaires | CNN Politics

California voters reject one-time wealth tax on billionaires | CNN Politics

Voters in California have rejected a measure to impose a one-time 5% wealth tax on residents with a net worth of over $1 billion.

#california #wealth
Compare →
The Guardian
3d ago
California voters fail to pass proposed one-time tax on billionaires’ wealth

California voters fail to pass proposed one-time tax on billionaires’ wealth

Campaign over Prop 40, as measure was known, was most expensive in state history, flush with Silicon Valley dollars

#california #wealth
Compare →
Domain Property News
20h ago
Angelina Jolie sticks by her promise to leave California after $36m move

Angelina Jolie sticks by her promise to leave California after $36m move

The Oscar-winning actress has reportedly relocated, months after selling her sprawling Los Angeles estate.

#california
Compare →
The Next Web (TNW)
2d ago
California rejects billionaire tax after Brin spends $102m to stop it

California rejects billionaire tax after Brin spends $102m to stop it

“The billionaires may have bought themselves a temporary victory,” backers said, as California’s billionaire tax failed and a ban on new ones leads.

#california
Compare →
BBC News
3d ago
Meghan's father Thomas Markle cut off ankle monitor, California prosecutor says

Meghan's father Thomas Markle cut off ankle monitor, California prosecutor says

The 82-year-old was placed under house detention in Florida last week after being charged over possession of child sex abuse material.

#california
Compare →
Al Jazeera English
3d ago
California voters reject billionaire tax

California voters reject billionaire tax

The proposed measure would have imposed a one-time 5 percent tax on Californian billionaires to fund healthcare.

#california
Compare →

Related Stories

Technology
Build #2611