Tuesday, March 19, 2013
"Facebook Gets a Multibillion-Dollar Tax Break"
No taxes, and a refund!
The American Tax System leaves a lot to be desired...
The American Tax System leaves a lot to be desired...
At BusinessWeek.com, Peter Coy recently reported this:
"Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice."
