Regardless of who Elon Musk is, this story tells a lot about the absurdity of the tax system. Imagine ifall companies would need to sell off significant amount of shares in prevision of taxes they have to pay for withdrawing a fraction of their capital?
This would lead to artifically decrease the value of remaining assets and would precipitate a wave of additonal selloffs from investors.
A recipe for another market crash, created artificially by stupid policy makers and politicians.
[Facepalm]
Tesla's Musk sells $930 mln in shares to cover stock option tax - filings
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