No. I'm referring to the $13bn out of the $44bn purchase price that Twitter paid itself. As Twitter is now deep in debt, it won't be making a profit any time soon, so there will be no tax paid on that $13bn purchase.
The $44bn purchase is broken down more or less as:
- $26bn by Musk ($20bn of which was from Tesla shares),
- $5bn from other investors, including that Saudi prince,
- $13bn in a loan that Twitter took out to buy itself on behalf of its new owners.
The process is known as a leveraged buyout, and it's what's killed many staple businesses that were otherwise perfectly viable, eg Toys R Us.