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Facebook pay no tax for 2012 and even get a tax refund of $429MILLION despite $1BILLION in profits | Mail Online
Facebook will not pay any tax for 2012 despite making $1.1 billion in pre-tax profits from U.S. operations, according to a report released on Thursday.
But Mark Zuckerberg's company will also get a multimillion dollar tax refund of around $429 million according to Citizens for Tax Justice (CTJ).
The refunds reportedly come from tax deductions on executive stock options and share awards
Facebook pay no tax for 2012 and even get a tax refund of $429MILLION despite $1BILLION in profits | Mail Online
Facebook will not pay any tax for 2012 despite making $1.1 billion in pre-tax profits from U.S. operations, according to a report released on Thursday.
But Mark Zuckerberg's company will also get a multimillion dollar tax refund of around $429 million according to Citizens for Tax Justice (CTJ).
The refunds reportedly come from tax deductions on executive stock options and share awards