Friday, February 03, 2012

Facebook chief faces tax bill of $1.5bn - FT.com

Perhaps Mitt Romney could provide some timely tax tips

Mark Zuckerberg faces a tax liability of more than $1.5bn this year, vaulting the Facebook co-founder into the leagues of all-time highest taxpayers and leaving a big question mark over his company’s initial public offering.

The taxes will fall due on a vast profit of nearly $5bn that Mr Zuckerberg, 27, plans to take on stock options he was handed in 2005 for acting as Facebook’s chief executive.

Facebook chief faces tax bill of $1.5bn - FT.com

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