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11:14 pmJ&K gets IAS officer Sajjan Singh Yadav as new Chief Secretary, will face files with CM-LG on different pages
11:14 pmIran warns of ‘apocalyptic war’ if attacked again
11:12 pmUdhayanidhi alleges free ration rice being polished and sold at ₹30 per kg across T.N.
11:05 pmDelhi man arrested for uploading Siddaramaiah-targeting video, gets bail; JDS link under probe
11:04 pmCongress asks Karnataka govt to probe alleged sting bids on CMs Shivakumar, Satheesan: Report
SponsoredPut your announcement in this ticker from ₹69/day
11:02 pmDelhi AQI 'moderate' at 191; environment minister says govt in 'war mode for clean air'
11:00 pmSaudi Says Shrapnel Fell In Mecca, Medina After Houthi Attack
10:58 pmMuskan Rastogi, Sahil Shukla challenge death sentence in Saurabh Rajput's ‘blue drum’ murder case before Allahabad HC
10:58 pm3-year-old girl dies after boiling milk spills on her while fleeing stray dog in Maharashtra's Beed
10:54 pmAllahabad HC makes Meerut SSP stand through hearing for failure to comply with order
10:51 pmVoter's name appears 11 times in Azamgarh rolls, ECI orders action against 9 officials in UP
10:50 pmChristian families in West Bengal get police protection after alleged attacks to renounce religion
10:46 pmPolice showcase weapons, security measures at Open House for students
10:41 pmNMC withdraws 2023 rules on medical education standards, raising accountability concerns

World

Zuckerberg strikes Meta deal to cover potential California billionaire tax

Reported by Business Standard 23 Oct 2026, 8:20 am IST 1 min read

Image: Business Standard. Rights remain with the publisher.

Mark Zuckerberg made a deal with Meta's board to help him pay a proposed California tax on billionaires without losing his ownership stake in the company he founded, according to regulatory filings published this week. If passed by voters in the November 3 election, the measure would levy a one-time 5 per cent tax on the wealth of Californians whose net worth exceeds USD 1 billion. Zuckerberg is the sixth-richest person in the world with a net worth estimated at more than USD 220 billion, according to Forbes.

That would put his tax liability at more than USD 11 billion. Actions announced by…

Read the full report on Business Standard

Story file

Section: World
Topics: Elections, Stock market
First reported by: Business Standard
Reporter: ap
Published: Friday, 23 October 2026, 8:20 am IST
Coverage: One outlet so far

How this page works. The Headline Update lists this report from Business Standard with a short summary and a link to the original. The original reporting and photograph belong to the publisher. Spotted an error in our summary? Tell our corrections desk.