Register | Forgot Your Password? | Close

A new report claims that Facebook did not pay any income taxes in 2012.

According to The Huffington Post, a research group, Citizens for Tax Justice, said that Facebook will incur $429 million in net tax refunds after referencing the company's annual fiscal report. The report added that Facebook will save $3.2 billion in taxes because of the single tax omission. Last year, Facebook grossed $1.1 billion in total profits.

This is certainly not the first time a corporation has reaped the financial gains of tax breaks. The Citizens for Tax Justice similarly reported in 2011 that a number of cost-effective companies such as Boeing, General Electric and Wells Fargo did not pay any net income taxes from 2008 to 2010.

Let's be honest: these particular companies are not the sole culprits of tax evasion. Check out the slide show of other corporations and well-known individuals who have avoided paying taxes over the years:,

share this story:
Attention Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus

World Class Arizona

  • Dignity Health

    World Class People. World Class Company. Excellent care, delivered with compassion, for all in need.

Voice For A Better Arizona

  • Family in Focus

    KTAR spends the week taking a look at the issues a modern Arizona family faces.