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Google is public, so the 5% of max(ownership, control) clause doesn't apply. However, there are a bunch of private unicorns whose founders are subject to the t
by anamax 6mo ago
Google is public, so the 5% of max(ownership, control) clause doesn't apply.
However, there are a bunch of private unicorns whose founders are subject to the tax even though their ownership is well under $1B.
See Section 50303(c)(3)(C) quoted above.
- VirusNewbie 6mo agoIt does apply, because Sergey's shares are not the same kind available on the public exchange.