Friday, 15 Feb 2013 | 5:27 PM ET
Facebook didn’t pay any federal or state income taxes last year and will receive a hefty tax refund, according to a recent report.
How did the social network manage to swing such a nice tax break?
Well, according to the Citizen for Tax Justice report the company benefited from the tax deductability of executive stock options, which reduced all of its income taxes by $1.03 billion in 2012.
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