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by nianderwallace
27 days ago
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from https://taxfoundation.org/research/all/state/california-weal... Under the initiative, “For any interests that confer voting or other direct control rights, the percentage of the business entity owned by the taxpayer shall be presumed to be not less than the taxpayer’s percentage of the overall voting or other direct control rights.”
...Together, for instance, Larry Page and Sergey Brin own about 11.3 percent of Alphabet (Google) but control 52.3 percent of voting rights. Similarly, Mark Zuckerberg owns about 13.6 percent of Meta but has 61.0 percent voting control.
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