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Tech & Science Mark Zuckerberg promotes higher taxes - to the detriment of his own group

11:15  18 october  2020
11:15  18 october  2020 Source:   businessinsider.de

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Zuckerberg will tell the conference that he’s glad that that the OECD is looking at tax reform, which Facebook also wants. “And we accept that may mean The situation is even more complicated in the European Union, where multinationals largely pay taxes on business done across the region in the

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Facebook founder Mark Zuckerberg and his wife Priscilla Chan want to bring more income to the California state. A real estate tax reform is currently being debated in California. It's about $ 12 billion more a year businesses would have to pay in property taxes. In addition to Google, Disney and Apple, Facebook would also be affected by the increase.

Nevertheless, Zuckerberg and his wife support the project of the California state with an initiative, like the "Wirtschaftswoche" writes , so that this can put the money in schools and hospitals.

In the US, homeowners already have to pay thousands of dollars a year for property taxes. In California, this is based on the purchase price and is currently only allowed to increase by two percent per year. This calculation, which is more than 40 years old, would have to be overturned for the reform.

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General answer, not pertaining to Zuckerberg specifically. Usually when startups grow, they need more money to increase the rate of growth, and get it by selling some percent of the company to investors.

When I worked with Mark Zuckerberg , money was certainly not his primary motivator. He lived an absurdly spartan lifestyle. Mah commented, “We believe Progenity can sign additional Pharma deals and look forward to the newsflow coming out on this front.”To sum it all up, Mah said, “We believe

Newcomers are discriminated against.

The criticism of this regulation, the so-called Proposition 13: Citizens who have lived in California for a long time have an advantage over newcomers. For example, a family who buys a house for $ 2 million must pay property tax of $ 20,000 a year. The neighbor, who bought his house there for a much cheaper price 20 years ago, pays significantly less per year.

This regulation is considered holy in California, it says in the "Business Week". Every politician who tried to change has failed. Since Proposition 13 applies not only to private houses but also to commercial real estate, companies have always supported it. Now the reacting Democrats want to try again in November.

Because a complete reform of the property tax has little political chance, it should be divided. That said, California voters will initially vote on Proposition 15, which governs property tax on commercial real estate. These would then be determined from 2025 on the basis of the current market value and no longer on the basis of the last purchase price.

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Tech Companies Have Much to Lose

This could get really expensive for large tech companies. Alphabet, the mother of Google, and Apple are big owners of commercial real estate in Silicon Valley. Long-established companies also have a lot to lose. Facebook would also have to pay a lot, writes Wirtschaftswoche - but the premium would not be as high as, for example, Google.

At the moment, the tech giants are mostly staying out of the debate. The exception: Mark Zuckerberg and his wife oppose the interests of the other Silicon Vally companies. Because their initiative supports a property tax reform. Proposition 15 closes tax loopholes for companies in order to collect up to 12 billion dollars annually for public services in California such as schools, hospitals and clinics ”, explains Andrea Collier of the Chan Zuckerberg Initiative.

The Facebook founder was often confronted with allegations of hypocrisy. Because so far the group has used every loophole to keep taxes as low as possible.

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Founder and CEO Mark Zuckerberg has reshuffled his deck of lieutenants while remaining one of the few constants at the helm of the company. The company's shares reached an all-time high this week as investors cheered its leadership's reactions to the coronavirus pandemic and recent new products.

Mark Zuckerberg is an internet entrepreneur who co-founded Facebook. Check out this biography Over the course of his professional career, Zuckerberg has encountered a number of legal During his time there, he earned several prizes in science and classical studies. He also went to the While Mark Zuckerberg was in high school, he landed a job at a company called Intelligent Media Group

  Mark Zuckerberg wirbt für höhere Steuern — zum Nachteil seines eigenen Konzerns © Provided by Business Insider Germany shutterstock_1098814574 © Shutterstock / Frederic Legrand shutterstock_1098814574

Vote Republican or Pay a Price, Creepy Landlord Letters Warn .
You can add rogue landlords to the list of potentially sinister characters, along with far-right Proud Boys, Boogaloos, and militia members, looming over one of the most fraught elections in American history. Two weeks before Election Day, voters in New York and Colorado received letters from their landlords. Democratic candidates were sure to raise taxes, the landlords warned in the letters, and it would be a shame if those candidates won and the landlords had to, say, jack up rent.While election security experts sound alarms about partisan “poll watchers” potentially intimidating voters, letters from landlords represent a grayer area of voter-influence.

usr: 2
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