Stripe Faces $3.5B Tax Bill as Employees' Shares Expire

Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by blitzar on Thursday March 09, 2023 @07:55AM (#35080694)

Zuckerberg, Brin, WeWork Guy etc all first 50 employees of unicorns ... you saying that their 100's of billions are actually zero value because they are 100's of billions of funky employee-only stock that’s only saleable back to the company at nominal value?

Also why pay $3.5bn of tax on $0 of value? Given how sharp tech is about tax minimization you would think they would have better tax people.

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Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by pjc50 on Thursday March 09, 2023 @08:04AM (#35080774)

They're not usually employees, they're owners. Adam Neumann even managed an extraordinary scam whereby he had the shares with voting power and the investors didn't. https://www.washingtonpost.com/business/2019/10/24/adam-neum...

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Re:Stripe Faces $3.5B Tax Bill as Employees' Shares Expire by blitzar on Thursday March 09, 2023 @08:13AM (#35080826)

Ahh ok, so Marissa Mayer then ... didn't make anything more than salary from being #20 employee at google?

Adam Neumann even managed an extraordinary scam of being currently worth 2x the company that made him all his money ...

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