03 Feb '12, 9pm

#Finance/Investing Facebook's high tax rate likely to drop: [Reuters] - By Nanette Byrnes (Reuters) - Facebook,

(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 said. "This is going to be a temporary thing, this high rate. That will go away quickly," said Robert Willens, author of the Willens Report, a publication about tax and accounting. Facebook attributed its high tax rate to losses outside the United States which were not tax deductible and ...

Full article: http://sg.finance.yahoo.com/news/Facebook-high-tax-rate-l...

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