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Facebook’s high tax rate likely to drop
(Reuters) - Facebook, the social network giant on the verge of a huge initial public stock offering, pays an unusually high tax rate, but that is likely to change soon, analysts said. At 41 percent on an effective basis, Facebook's tax rate is well above rates paid by larger, more mature high-tech groups, and above the top U.S. corporate income tax rate of 35 percent. But the exercise by investors of millions of stock options after the IPO, along with the opportunity for Facebook to shift more earnings overseas like other tech firms, will pull down its tax rate almost immediately, experts ...
Russia on Friday launched an Internet site which will transit live images from polling stations during the March 4 presidential election in which Prime Minister Vladimir Putin is seeking back his Kremlin job.
LONDON/WASHINGTON (Reuters) - Internet activist group Anonymous published a recording on Friday of a confidential call between FBI agents and London detectives in which the law-enforcement agents discuss action they are taking against hacking. British police said they were investigating reports of the illegally recorded call, and the FBI said a criminal investigation was under way into the incident. ...
Facebook is updating its status from a private to public company. The shift is occurring as the Internet social network filed its long-awaited plans for an initial public offering of stock.
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