Taxes - AllFacebook http://allfacebook.com The Unofficial Facebook Blog - Facebook News, Facebook Marketing, Facebook Business, and More! Copyright 2013 Tue, 21 May 2013 15:23:02 +0000 http://blogs.law.harvard.edu/tech/rss http://wordpress.org/?v=3.4.1 Facebook’s 1Q Lobbying Tab: $2.45M You can’t get to 1.11 billion friends without spending a few dollars: Consumer Watchdog reported that the social network spent $2.45 million on lobbying efforts during the first quarter of 2013, up a whopping 277 percent from $650,000 in the year-earlier period.

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]]> David Cohen http://allfacebook.com/1q-2013-lobbying_b116603#disqus_thread http://allfacebook.com/1q-2013-lobbying_b116603 http://allfacebook.com/?p=116603 Fri, 03 May 2013 16:00:09 +0000 REPORT: Mark Zuckerberg Faces $1B-Plus Tax Bill Not too many people can handle a tax bill of more than $1 billion, but Facebook Co-Founder and CEO Mark Zuckerberg is a member of that exclusive club, and CNN Money reported that his total tab will likely end up at around $1.1 billion.

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]]> David Cohen http://allfacebook.com/mark-zuckerberg-1b-plus-tax_b114061#disqus_thread http://allfacebook.com/mark-zuckerberg-1b-plus-tax_b114061 http://allfacebook.com/?p=114061 Thu, 28 Mar 2013 14:44:04 +0000 You Probably Paid More Taxes Than Facebook In 2012 How much federal and state income tax did Facebook pay in 2012? If you guessed, “zero,” you were correct, and if you guessed that the social network received $429 million in net tax refunds, you get extra credit.

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]]> David Cohen http://allfacebook.com/facebook-no-taxes-2012_b110944#disqus_thread http://allfacebook.com/facebook-no-taxes-2012_b110944 http://allfacebook.com/?p=110944 Fri, 15 Feb 2013 16:37:43 +0000 Uncle Sam, California Benefit From Facebook Employees’ Stock Windfall On Monday, rank-and-file Facebook employees will be able to sell their stock, which officially came to fruition Thursday. Collectively, the roughly 225 million shares are worth about $5.2 billion, based on Wednesday’s closing price of $23.23 apiece. But it’s not just Facebook employees who are excited for a potential sell-off — the federal and California governments stand to profit from this, as well.

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]]> Justin Lafferty http://allfacebook.com/facebook-employees-stock-tax_b103104#disqus_thread http://allfacebook.com/facebook-employees-stock-tax_b103104 http://allfacebook.com/?p=103104 Thu, 25 Oct 2012 13:07:22 +0000 Facebook Posts 3Q Net Loss On Increased Revenues; Totals 1.007 Billion Monthly Active Users, 640M Mobile MAUs Facebook posted a net loss of $372 million in the third quarter of 2012 using generally accepted accounting principles, or $59 million following the GAAP income tax provision for the third quarter of $431 million, compared with net income of $227 million in the third quarter of 2011, on revenue of $1.26 billion, which was up 32 percent from $954 million in the year-ago period.

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]]> David Cohen http://allfacebook.com/3q-earnings-release_b102893#disqus_thread http://allfacebook.com/3q-earnings-release_b102893 http://allfacebook.com/?p=102893 Tue, 23 Oct 2012 17:01:30 +0000 Biden Bests Ryan On Facebook During Fiery Vice Presidential Debate The only debate between Vice President Joe Biden and Republican vice presidential nominee Paul Ryan was a substantive and spirited affair, with supporters on Facebook weighing in on everything from taxes to abortion and from Iran to Libya.

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]]> Jennifer Moire http://allfacebook.com/vice-presidential-debate_b101990#disqus_thread http://allfacebook.com/vice-presidential-debate_b101990 http://allfacebook.com/?p=101990 Fri, 12 Oct 2012 10:48:56 +0000 Is Facebook Paying Its Fair Share Of U.K. Taxes? Facebook is catching some heat in the U.K. for allegedly not ponying up its fair share of taxes, and for doing so, in part, by locating its international headquarters in Dublin.

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]]> David Cohen http://allfacebook.com/u-k-taxes_b101917#disqus_thread http://allfacebook.com/u-k-taxes_b101917 http://allfacebook.com/?p=101917 Thu, 11 Oct 2012 13:29:33 +0000 UPDATED: Facebook-CNN Election Talk Meter Breaks Down First Presidential Debate The dust has settled after the first presidential debate in Denver Wednesday night, and the Facebook-CNN Election Talk Meter has fresh insights on the melee in the Mile High City that are posted on the U.S. Politics on Facebook page.

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]]> Jennifer Moire http://allfacebook.com/facebook-cnn-election-talk-meter-first-presidential-debate_b101363#disqus_thread http://allfacebook.com/facebook-cnn-election-talk-meter-first-presidential-debate_b101363 http://allfacebook.com/?p=101363 Fri, 05 Oct 2012 12:58:00 +0000 Facebook CEO Mark Zuckerberg’s 2013 Salary: $1 Facebook Co-Founder and Chief Executive Officer Mark Zuckerberg will follow in the footsteps of other notable tech CEOs and take a base salary of $1 in 2013, taking one step toward slashing his tax burden.

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]]> David Cohen http://allfacebook.com/zuckerberg-2013-salary_b89538#disqus_thread http://allfacebook.com/zuckerberg-2013-salary_b89538 http://allfacebook.com/?p=89538 Mon, 21 May 2012 17:18:30 +0000 Senators Introduce Ex-Patriot Act, Targeting Facebook Co-Founder Eduardo Saverin Do you remember all that tax money Facebook Co-Founder Eduardo Saverin was set to save on Facebook’s initial public offering by renouncing his U.S. citizenship and establishing residency in Singapore? Not so fast, said Sens. Charles Schumer (D-N.Y.) and Bob Casey (D-Pa.).

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]]> David Cohen http://allfacebook.com/ex-patriot-act-saverin_b89255#disqus_thread http://allfacebook.com/ex-patriot-act-saverin_b89255 http://allfacebook.com/?p=89255 Thu, 17 May 2012 16:00:48 +0000 Golden State: California Eyes $2.1B In Revenue From Facebook IPO The California Legislative Analyst’s Office, the state’s budget watchdog, expects Friday’s Facebook initial public offering to generate $2.1 billion in revenue for the state through the 2013 fiscal year.

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]]> David Cohen http://allfacebook.com/california-ipo-revenue_b88986#disqus_thread http://allfacebook.com/california-ipo-revenue_b88986 http://allfacebook.com/?p=88986 Tue, 15 May 2012 19:00:39 +0000 Facebook Will Boost Its Credit Line Before The IPO Facebook has a potentially taxing problem on its hands, and the company will address it by increasing its $2.5 billion credit line.

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]]> David Cohen http://allfacebook.com/credit-line_b80263#disqus_thread http://allfacebook.com/credit-line_b80263 http://www.allfacebook.com/?p=80263 Fri, 02 Mar 2012 10:30:31 +0000 Facebook Eyes Tax Loophole, But So Does Senator Senator Carl Levin, a Democrat from Michigan, introduced legislation Wednesday to try to close a huge tax loophole that Facebook was poised to take advantage of with its impending initial public offer.

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]]> David Cohen http://allfacebook.com/facebook-tax-loophole_b79979#disqus_thread http://allfacebook.com/facebook-tax-loophole_b79979 http://www.allfacebook.com/?p=79979 Thu, 01 Mar 2012 11:59:05 +0000 Facebook Photos Help Nail U.K. Tax Cheat Make sure your Facebook photos don’t contradict your tax returns, or the authorities will catch up with you.
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]]> Jackie Cohen http://allfacebook.com/facebook-photos-help-nail-u-k-tax-cheat_b33200#disqus_thread http://allfacebook.com/facebook-photos-help-nail-u-k-tax-cheat_b33200 http://www.allfacebook.com/?p=33200 Mon, 21 Feb 2011 13:00:00 +0000 Social Media Ventures Get Tax Breaks In 21 States And Canada If you’ve got an idea for a social media application and a case of wanderlust, this news is for you: 21 different states in the U.S. will have incentive programs for developers in place within the couple of years. continued…

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]]> Jackie Cohen http://allfacebook.com/social-media-ventures-get-tax-breaks-in-21-states-and-canada_b27059#disqus_thread http://allfacebook.com/social-media-ventures-get-tax-breaks-in-21-states-and-canada_b27059 http://www.allfacebook.com/?p=27059 Thu, 23 Dec 2010 17:04:03 +0000