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!

Fox News Launches Redesigned App for iPhones, Androids

Now it's easier and faster than ever to keep up with the most powerful name in news wherever you are. Download the redesigned Fox News Channel app today on your iPhone or Android to watch Fox News and Fox Business Network live on your device! Click here for more information on how you can get the Fox News app.

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" will reveal who we are as a nation – driven, passionate and uniquely American. Check out the latest installment: an inside look at Mutton Bustin!

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!