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Income tax: Elon Musk will pay 11 billion dollars

17/02/2022
Categories: Companies

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Elon Musk will pay the highest tax in US history. Tesla boss to pay $11 billion in income tax.

The US tax administration considered the proceeds from the sale of a package of 7 billion shares made last year by the boss of Tesla to be income. By exercising options on millions of shares of Tesla which allow him to obtain shares at a preferential price before reselling them at the market price if he exercises his option and by also selling for nearly 7 billion shares in 2021, Elon Musk was caught by the US tax administration.

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