Tag Archives: Facebook

Facebook’s Tax Refund

News that Facebook would be receiving a $429 million tax refund was of course misinterpreted by the general public.  The consensus among those who just don’t understand the complete story is that a company as profitable as Facebook should never … Continue reading

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IRS Not Concerned About Likes & Followers

The IRS is still intent on growing its social media presence.  Yesterday it unveiled a Tumblr account, even though it has actually been quietly sitting around for about six months.  I’m not sure why the IRS waited until now to formally introduce … Continue reading

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On the Eve of the Facebook IPO

The state of California anticipates generating billions in tax revenues from the Facebook IPO which is supposed to take place this Friday morning. The Legislative Analyst’s Office predicts the state will receive some $2.1 billion over the next year from … Continue reading

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