Facebook pays no taxes 2012

Facebook wird für das Jahr 2012 keine Steuern abführen müssen, obwohl sie einen Gewinn von 1,1 Millarden Dollar angemeldet hatten. Im Gegenteil: Sie werden aufgrund von Steuerbefreiungen 429 Millionen Dollar vom Staat ausgezahlt bekommen. Hooray, Capitalism!

Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes—and even receive a federal tax refund of about $429 million—according to a Feb. 14 statement from Citizens for Tax Justice. […]

You won’t find any $429 million tax refund in Facebook’s financial statements. Indeed, the company says it had a $559 million federal tax liability in 2012. But that liability isn’t an actual payment. In a footnote, the company also said that it had a $1.03 billion “excess tax benefit” last year related to “stock option exercises and other equity awards.” That benefit is what flips the federal tax liability into a refund.

Facebook Gets a Multibillion-Dollar Tax Break (Bild: Sign announcing Facebook IPO via Shutterstock)