Business Insider
By Áine Cain
Dec 29, 2021, 2:16 PM
The billionaire founder of Roblox used a tax break designed for small businesses to avoid paying millions of dollars in taxes, the New York Times reported Wednesday.
According to the article, CEO David Baszucki — along with his wife, children, and in-laws — used the Qualified Small Business Stock tax break at least a dozen times over the years. The rule allows startup investors to dodge paying taxes on at least $10 million in profits.