Elon Musk, TESLA

How Elon Musk can Save Big on Taxes by Giving Away a Ton of his Tesla Stock

Tesla CEO Elon Musk is liquidating lots of Tesla shares. His transactions, which began in November 2021, could total US$20 billion or more. He has not said whether he plans to donate to charity the proceeds from selling those shares. But this move, which followed signs that the world’s richest person could be weighing whether...
By Eric Allen, UCR School of Business | For "The Conversation" |
Tax forms on desk

Study Disrupts Venture Capitalist Assumptions About Tax Benefits of Corporations

Startups backed by venture capital — and their investors — often lose tax savings because they organize as corporations rather than limited liability companies, finds a UC Riverside-led study. The reason? Venture capitalists, or VCs, are more familiar with corporations, or C-corporations, and pay less attention to taxes, even though limited liability companies, or LLCs...
By Holly Ober |