Taxes

Facebook paid only 0.3% taxes on $1.34 billion in profits

Facebook earned over $1.34 billion in profits, yet because of various tax gimmicks involving the country of Ireland and the Cayman Islands, they only paid $4.64 million in taxes. That works out to be a tax rate of 0.3%. If it wasn’t for the Internet, Facebook wouldn’t exist. If it wasn’t for the federal government, …

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