Meta CEO Mark Zuckerberg to Receive Additional Shares Amidst California Tax Proposal

Kathmandu. To reduce potential financial damage from billionaire taxes, Facebook's parent company Meta has agreed to give Chief Executive Officer Mark Zuckerberg additional shares. Meta has found such a solution as a proposal to tax billionaires is moving forward in the state of California.

There is a proposal in California to impose a one-time five percent tax on residents with a net worth of more than one billion US dollars. If this proposal is passed in the November vote, Zuckerberg, whose wealth is estimated to be over two hundred billion dollars, may have to pay approximately 10 billion dollars in additional taxes.