Tax
Aug. 8, 2022
Twitter, Elon Musk, $1 billion fee and taxes
Musk talks and tweets a lot about taxes, including about how much tax he should pay on selling Tesla stock. He’s also complained about high California taxes and why he moved himself and Tesla to Texas. But is there a tax deduction anywhere in the $44 billion deal or its aftermath?
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Elon Musk is in the news a lot for all sorts of things. That was certainly true when he said he would buy Twitter. It started with Musk buying some Twitter stock and trying to get on the board. Some people at Twitter didn't like that, and considering the size of Musk's wallet, he somehow ended up saying that he would buy the whole company instead. Money talks, and Musk looked to his own resources and funds from his backers to assemble an army of capital to close the ...
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