Meta Platforms Inc. said on Wednesday night that it has reached an arrangement with Chief Executive Mark Zuckerberg to help him meet a potential California wealth tax that could affect billionaires.
Under the agreement, Zuckerberg has committed to remain a California resident for eight years even if the state enacts a one‑off 5% tax on the wealthiest individuals, Meta said. The company said the arrangement is intended to keep its chief executive living near its headquarters in the state.
Meta, which operates Facebook, Instagram and WhatsApp, did not disclose financial details of how it would assist Zuckerberg if the tax is implemented. The company framed the move as tied to maintaining the CEO's residence close to its corporate base in California.
The announcement comes as discussions about taxing extreme wealth have gained visibility in some U.S. policy circles. Meta's statement did not discuss the broader political debate or say whether similar arrangements would be offered to other executives.
The deal highlights how large corporations may respond to proposals that could influence the domicile decisions of their founders and senior executives, with implications for where companies choose to base their operations and leadership.
Meta's disclosure adds a corporate dimension to ongoing public conversation about wealth taxation and residency, but the company provided no timetable or further operational detail on how the support would be administered should the tax be enacted.