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King Obama Grants Facebook Multi Million Dollar Tax Break

Submitted by Libera_me on Sat, 02/16/2013 - 11:46

Current Events

Drudge has this as his lead right now, linking to Bloomberg Business Week. Bloomberg reports that, in spite of earning over 1.1 Billion, it will be receiving a tax 'refund' of 429 million. Citizens for Tax Justice is protesting this. The stock option benefit and equity awards are what accounts for this discrepancy, according to Facebook.

Profitable partnership for both sides?

more@
www.drudgereport.com

www.businessweek.com/articles/2013-2-15/facebook-gets-a-mult...