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Facebook Inc., which made $1.1 billion in profits in 2012, did not pay any federal and state income taxes, but instead reaped $429 million in net tax refunds, according to a report released Thursday from Citizens for Tax Justice.
Its tax dodging was made possible by taking advantage of tax deductibility of executive stock options.
Its tax dodging was made possible by taking advantage of tax deductibility of executive stock options.
The company is also bringing $2.17 billion in additional tax-option tax breaks for future use, CTJ notes.
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Its tax dodging was made possible by taking advantage of tax deductibility of executive stock options.
The company is also bringing $2.17 billion in additional tax-option tax breaks for future use, CTJ notes.
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Its tax dodging was made possible by taking advantage of tax deductibility of executive stock options.
The company is also bringing $2.17 billion in additional tax-option tax breaks for future use, CTJ notes.
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