New York Post: Zoom Paid No Federal Income Tax Last Year amid Pandemic Profit Surge

The Silicon Valley firm appears to have achieved that feat largely thanks to its use of stock-based compensation for employees, which helped reduce its worldwide tax bill by more than $302 million for the year ending Jan. 31.

Corporations that pay their executives in stock often benefit from a provision in the federal tax code that lets them write off expenses that appear far larger than their actual cost, according to the Institute on Taxation and Economic Policy.

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