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Zuckerberg defends plan to channel wealth through LLC

PAYING TAXES: Mr Zuckerberg and his wife Priscilla have pledged to transfer 99% of their Facebook stock, worth US$45 billion, to a limited liability company that will pursue community projects.

San Francisco

MARK Zuckerberg wrote a post on Facebook on Thursday to defend his plans to transfer 99 per cent of his family's Facebook stock to a limited liability company that would pursue various community projects.

Mr Zuckerberg, the chief executive and controlling shareholder...