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Facebook's Mark Zuckerberg faces $1 billion tax bill

Mark Zuckerberg - CNN

Facebook's stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion -- and a 2012 tax bill of around $1.1 billion.vZuckerberg's whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook's initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a "strike price" of 6 cents each.

 

Facebook says no secondary offering to cover tax bill

Facebook Inc promised not to sell stock to cover a nearly $2 billion tax bill and said it will allow employees to cash in their stock weeks ahead of schedule, moving to soothe nervous investors and its own staff as its share price spirals downward.

 

Facebook's Eduardo Saverin Saves $67 Million in Tax by Leaving US

Facebook Inc. co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will keep growing if Facebook’s shares increase.

 

Ai Weiwei fans raise funds to pay his massive tax bill

Ai Weiwei fans raise funds to pay his massive tax bill

In a strong affront to the Chinese government’s attempt to censor artists and internet users, fans of the artist Ai Weiwei have raised more than $830,000 in three days through social media to help the artist fight a $2.4 million tax bill from the state.

 

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