The move follows some other curious manoeuvres by WeWork, namely Adam Neumann selling his shares and borrowing against his remaining holdings.
WeWork is reportedly working on a weird corporate structure for its upcoming IPO that would give massive tax benefits to early insiders, but not to those who buy in later. According to the Financial Times, the new structure means CEO Adam Neumann and other insiders will pay an individual income tax rate. Anyone buying shares in the IPO will be taxed at a corporate and individual level.
WeWork is reportedly working on a weird corporate structure for its upcoming IPO that would give massive tax benefits to early insiders, but not to those who buy in later. According to the Financial Times, the new structure means CEO Adam Neumann and other insiders will pay an individual income tax rate. Anyone buying shares in the IPO will be taxed at a corporate and individual level.
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