Facebook pays NO taxes!

[Mirage]

Facebook as a company didn't pay a dime in federal taxes. In fact, even though a 1 billion dollar profit was made the company received a tax return of 429 million dollars.

Click here for the full article (http://www.dailymail.co.uk/news/article-2279701/Facebook-pay-tax-2012-tax-refund-429MILLION-despite-1BILLION-profits.html?ICO=most_read_module)

[Gandalf]

This is very similar to Starbucks in the UK, they re route all the profits through European partner companies and such.

I wonder though if Facebook will compromise or if the US government plans on closing legal loopholes.

Thanks

[WalkingOnDisaster]

Hm. Now I know why the government is in trouble with other countries.

[Stronger]

A lot of companies do that, about every cruise line based in America does the same.

[Cicero]

As long as they aren't breaking the law, then good for them.

[TheMatrix]

This is called capitalism. Prosperity for a few, despair and poverty for all others. But that can change, comrades. Let us rise up together! Turn the dark instruments of capitalism against their bearers! We need not accept this! Long live the International Socialist Revolution!

Also:
http://www.stallman.org/no-facebook.png (http://stallman.org/facebook.html)

As long as they aren't breaking the law, then good for them.

This is one of those legally ambiguous things that large corporations love. Fairness? Equality? Pah! Ain't nobody got time for that.

[Twilly F. Sniper]

Why not?

[Professional Russian]

What? Is it like the end of the world or something?

[Sugaree]

This is called capitalism.

Jesus Christ, I can't even begin to tell you how WRONG you are. Not paying taxes isn't capitalism; capitalism is a purely economic system which, in layman's terms, means "You get what you pay for." Facebook not paying taxes isn't capitalism, it's called having a really shitty tax code which allows big conglomerates and multi-million dollar companies to do shit like this. Get your facts straight for once, damn.