Facebook Gets Multibillion-Dollar Tax Break, Pays Zero Taxes And Receives $429 Million Federal Tax Refund

- Facebook Gets a Multibillion-Dollar Tax Break (Bloomberg, Feb 15, 2013): It hasn’t drawn much attention, but Facebook’s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards. Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, [...] continue reading world news