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Monday, February 18, 2013
Though it earned $1.1 billion in U.S. corporate profits last year, Facebook paid no net corporate income taxes in the U.S. last year, according to a new report from Citizens for Tax Justice. Instead, Facebook will rake in $429 million in net tax refunds for the year, the report said, citing Facebook's recent annual financial report. The company earned $1.1 billion in U.S. corporate profits last year. Advertisement
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