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Facebook IPO to make Zuckerberg pay $903 Million in taxes
Written on:May 6, 2012
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The US tax authorities are in for a major windfall from Facebook chief Mark Zukerberg, as the upcoming IPO of the social networking giant could make him pay in taxes as much as $903 million. Interestingly, his total estimated tax payout amounts to more than 85 per cent of the total proceeds of about $1.045 billion Zuckerberg is expected to rake in from part sale of his own shares in…
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