July 9, 2014

WZTV: Facebook Gets Refund Without Paying Taxes

media mention

“The Institute on Taxation and Economic Policy reports these large companies like Facebook pay their executives in stock options instead of cash which doesn’t cost the company a dime yet they can write it off as an expense. So Facebook profited more than a billion dollars in 2012 and since they’re not paying, it could cost us. But not only did the company get away with paying nothing in 2013, it also got a 429-million dollar tax rebate.”