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Facebook Paid No Corporate Income Tax Last Year, After Making More Than $1 Billion In Profits


Business  (tags: abuse, business, corruption, dishonesty, economy, ethics, money, taxes, Facebook )

Kathy
- 427 days ago - thinkprogress.org
Earlier this month, the Facebook Inc. released its first "10-K" annual financial report since going public last year. Hidden in the report's footnotes is an amazing admission: despite $1.1 billion in U.S. profits in 2012, Facebook did not pay even a dime



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Comments

Sue H. (7)
Friday February 15, 2013, 8:19 am
BOO-HISS!!! Boycott!
 

Kathy B. (99)
Friday February 15, 2013, 8:20 am
I boycott Facebook for other reasons. This gives me one more.

"Instead, Facebook says it will receive net tax refunds totaling $429 million."
 

Carrie B. (279)
Friday February 15, 2013, 10:02 am
No surprise. I really don't like FB!
 

Tim C. (1532)
Friday February 15, 2013, 12:13 pm
thanks Kathy
 

Vicky P. (462)
Friday February 15, 2013, 12:53 pm
terrible :/
 

Jae A. (321)
Saturday February 16, 2013, 11:45 am
No wonder the nation has such debt...the Corporates are not only not paying their fair share, they aren't paying any ..,,instead they're getting money back for not paying any taxes. Now that's great GOP logic for ya !!!
 

Roger Garin-michaud (60)
Saturday February 16, 2013, 3:38 pm
noted, thanks !
 

paula eaton (30)
Sunday February 17, 2013, 3:57 am
I hate facebook for its animal cruelty photos and videos (which they do display), their not friendly to animal rescue groups. Now this bunch of crap about taxes. If us little people have to pay taxes, they need to also. Boycott facebook.
 

Ben Oscarsito (347)
Sunday February 17, 2013, 5:09 am
And, they pay very little tax in Sweden...
 

Angelus Silesius (64)
Sunday February 17, 2013, 5:14 am
In the book "The Fine Print", the author describes how the majority of states allow companies to withhold payroll taxes for up to 25 YEARS without turning the money into the states while not informing their employees of this. This means employees are being docked monye not actually going to the states and the states are not getting the revenues the general public thinks they are. Enclosed is a link to the book:

http://www.barnesandnoble.com/w/the-fine-print-david-cay-johnston/1111956758?ean=9781591843580
 

Mike M. (53)
Sunday February 17, 2013, 5:53 am
That is what the corporations, elites and the GOP to the people of America. To beat us down and make them the masters
 

Natasha Salgado (457)
Sunday February 17, 2013, 6:41 am
Not 1 bit surprised!!!
 

Linda R. (17)
Sunday February 17, 2013, 6:50 am
This is so wrong on so many levels. I hope Facebook does the right thing and pays its share.
 

Barbara K. (87)
Sunday February 17, 2013, 12:42 pm
So glad I'm not on Facebook. I wonder what would happen if all of us stopped paying taxes until the wealthy and big corps pay theirs. They couldn't arrest ALL of us.
 

Past Member (0)
Sunday February 17, 2013, 12:43 pm
This is a prime example of 'corporate amerika's' greed and uncaring.
 

Nelson Baker (0)
Sunday February 17, 2013, 1:28 pm
This is a country "Of the Corporations. By the Corporations and For the Corporations, Thanks to our politicians. I do not use any social media networks.
 

Jae A. (321)
Sunday February 17, 2013, 1:33 pm
It's those in local/state and Fed. government offices that don't care Robert O..so in those numbers you are right on with what you said...
 

Carol D. (98)
Sunday February 17, 2013, 2:01 pm
Its about time they clamped down on them then Whats the excuse they dont pay tax There should not be any Why is it always the small business man that pays tax even when its difficult or he goes broke with no help from the government or banks but these large corporations get away with not paying any. Wheres the justice in that
Everyone should pay tax unless a registered charity

Noted tahnks
 

Sherri O. (256)
Sunday February 17, 2013, 2:06 pm
FB is creepy.
 

Christeen Anderson (422)
Sunday February 17, 2013, 2:12 pm
It's always been who you know..........................
 

Lois Jordan (55)
Sunday February 17, 2013, 2:55 pm
Thanks, Kathy.
Glad I didn't get tangled up with Facebook....although every online group keeps pushing it. We get "Debtor's Prisons" and Facebook and other corps. get tax breaks, loopholes and subsidies. Just sickening!
 

Carol Henderson (7)
Sunday February 17, 2013, 4:00 pm
Just one more thing to make me not like Facebook. Most people I know use it, but I don't as I don't like their policies. So I'm not surprised that they didn't pay any taxes.
 

Birgit W. (135)
Sunday February 17, 2013, 4:02 pm
The big business companies get away without paying taxes, and the poor folks gets milked.
 

Robert O. (12)
Sunday February 17, 2013, 4:18 pm
No big surprise since the rich (corporations and the 1%) get richer and the poor (the rest of us) get poorer. Such is the way of this cruel, crooked world. Thanks Kathy.
 

Phyllis P. (424)
Sunday February 17, 2013, 4:20 pm
I owe the government $550 for taxes on $9,000 adjusted gross income for 2010. Doesn't make sense does it??
 

Robert O. (12)
Sunday February 17, 2013, 4:22 pm
By the way, down with FB!!!
 

Ann Breeden (65)
Sunday February 17, 2013, 4:23 pm
Thanks for the post. I posted it on Facebook so all my friends could pass it on. Care2 is much more fun.
 

Kathy B. (99)
Sunday February 17, 2013, 4:54 pm
Thanks Ann, I hoped someone would post this to Facebook, I'll be curious to see if it stays on your page. Please do let us know if it somehow disappears :)
 

Janet R. (34)
Sunday February 17, 2013, 6:03 pm
That's pathetic.
 

Paul Girardin (140)
Sunday February 17, 2013, 6:59 pm
The more it changes, the more it stays the same!

Noted and shared (but not on Facebook obviously)
 

Bill and Katie D. (106)
Sunday February 17, 2013, 7:24 pm
Now this is news!
 

Klaus Peters (8)
Sunday February 17, 2013, 7:53 pm
Facebook is being forced onto us. I am still boycotting those leaches. On many C2 petitions I cannot ask friends to sign anymore, because Email is blocked and I am required to join facebook. That in turn would also force my friends to join facebook. And this tax evasion article justifies my boycot action.
Facebook is pathetic and will crumble one day.
 

wayne hall (3)
Sunday February 17, 2013, 9:54 pm
Thats discusting I thought that every one and all buisneses had to pay taxes it is manditory in all or most countries is it not, they should not be allowed to get away with it, wonder what would happen if I did not pay taxes BIG FINES OR JAIL. Make them pay.
 

Diane L. (104)
Sunday February 17, 2013, 10:33 pm
This is disgusting. Yes, Klaus,I agree with you. Seems pretty hypocritical of Care.2 to have articles like this, yet they force us to constantly UNCHECK links to Facebook and keep increasing the ways in which FB is associated with Care.2. Maybe if Care.2 CARED, they'd get rid of the connection to show "GOOD FAITH".
 

Mary M. (24)
Monday February 18, 2013, 8:44 am
Facebook wow how much time do I have to list all of the reasons why I hate it!. But the American sheep just love following this trend right into their lives where predators, nuts and where all the world can see their every move.
A TOTAL waste of time and energy but what better way to know everyones business and direct the masses into whatever advertising crap or new fad...and Zuckerberg makes my skin crawl.so all of these mindless people have just made him and his very rich!
 

Shirley B. (5)
Monday February 18, 2013, 6:27 pm
Never used it, never will. Now I have a better reason.
 

Arielle S. (313)
Monday February 18, 2013, 6:36 pm
Never used it, never liked it. Like it even less now....
 
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