{
    "href": "/post/2013/02/16/facebook-gets-a-multibillion-dollar-tax-break/",
    "relId": "2013/02/16/facebook-gets-a-multibillion-dollar-tax-break",
    "title": "Facebook Gets a Multibillion-Dollar Tax Break",
    "author": "pmjones",
    "markup": "html",
    "tags": [
        {
            "href": "/tag/taxes/",
            "relId": "taxes",
            "title": "Taxes",
            "author": null,
            "created": null,
            "updated": [],
            "markup": "markdown"
        }
    ],
    "created": "2013-02-16 16:58:35 UTC",
    "updated": [
        "2013-02-16 16:58:35 UTC"
    ],
    "html": "<p>It's bad for Big Business to get tax breaks, right?</p>\n<blockquote>\n<p>It hasn\u00e2\u0080\u0099t drawn much attention, but Facebook\u00e2\u0080\u0099s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards.</p>\n<p>Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, it will probably pay zero federal and state taxes--and even receive a federal tax refund of about $429 million--according to a Feb. 14 statement from Citizens for Tax Justice.</p>\n</blockquote>\n<p>via <a href=\"http://www.businessweek.com/articles/2013-02-15/facebook-gets-a-multi-billion-dollar-tax-break\">Facebook Gets a Multibillion-Dollar Tax Break - Businessweek</a>.</p>\n"
}