sincity Posted February 18, 2013 Posted February 18, 2013 2012 was a big year for Facebook (FB). The company's initial public offering last May was the largest Internet IPO in history even though it was an absolute mess, and Facebook managed record profits of roughly $1 billion for the full year. Despite its huge profit in 2012, Facebook will pay no federal or state taxes on its income — in fact it will get a $429 million refund instead, thanks to a tax reduction for executive stock options. Fox News reports that Facebook will continue to get huge tax breaks totaling about $3 billion in the coming years, as well. Continue reading... View the full article Quote
Ben10 Posted February 18, 2013 Posted February 18, 2013 Sound like cha ching, meanwhile innn....africa? Quote
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