You are using an outdated browser. Please upgrade now to a modern browser in order to benefit of all our site's features: Chrome, FireFox, Opera, Safari or Internet Explorer. [Close]

The Official Blog of Fox News Channel

Facebook to Receive $429 Million Dollar Refund Despite Paying Zero Income Tax in 2012

Facebook made about $1.1 billion dollars in profit last year in the United States, but paid no federal or state income tax for 2012. Yet, they’re expected to receive a refund of $429 million dollars thanks to a tax deduction for executive stock options.

The social media company also revealed that its site was hacked in recent weeks. They say intruders breached the system but no sensitive user information was taken. A security expert with knowledge of the attack said it appears to have originated in China, but Facebook has not confirmed that information.

Posted in: 
Leave a Comment0

Today's Front Page Stories

Don't want to keep checking back here for the latest from Fox News? That's cool. We'll come to you ...

Connect with Fox News

Subscribe

Stay connected with the most-trusted name in cable news through exclusive videos, blogs, polls, contests and behind-the-scene details.

Get More Fox!

Greta Is Wired!

GretaWire.com is the official blog of Greta Van Susteren. Get Greta’s breaking news alerts, pictures, videos, polls, and behind-the-scenes exclusives. Plus, speak out on open threads, as well as the live chat page. Connect to the GretaWire community ... and to Greta herself!

Fox News Presents: 'My America with Elisabeth Hasselbeck'

Fox News Channel presents an exciting new feature series, My America with Elisabeth Hasselbeck. From the quirky to the inspirational, "My America" reveals who we are as a nation – driven, passionate and uniquely American. Watch the latest installment, an up-close look at the beloved Oscar Mayer Wienermobile!