Is there no end to our insanity?
While Mother Earth burns, Mark Zuckerberg fiddles with a big corporate tax loophole.
Curious Carl
Dear friends,
You're not gonna Like this. Facebook plans to Like tax loopholes this week
-- in a big way. And it'll cost taxpayers billions.
How is Facebook posting this mega tax break on its timeline? Well, "it's
complicated." But basically, when the company goes public tomorrow, it will
take advantage of a major corporate tax loophole to secure a $3 billion
dollar tax break.
Yes, that's right, $3 billion - even more than the amount J.P. Morgan just
lost through reckless banking. Even though Facebook is extremely profitable,
this loophole will zero out its entire tax bill this year, and likely for
years to come.
Poke Facebook CEO Mark Zuckerberg and tell him that his big corporate tax
dodge won't win him any friends.
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