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Facebook Stock Price Means Lower Tax Revenues For California
engine

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Msg#: 4481269 posted 2:22 pm on Aug 2, 2012 (gmt 0)

Facebook Stock Price Means Lower Tax Revenues For California [businessinsider.com]

Now, it's the State of California, which apparently overestimated how much tax revenue it was going to collect from Facebook employees after the IPO.

According to Bloomberg's John Erlichman, California is now saying its "tax revenue is at risk" because it assumed it would get $1.9 billion from newly enriched Facebook employees.

 

Leosghost

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Msg#: 4481269 posted 2:37 pm on Aug 2, 2012 (gmt 0)

counting chickens prior to their hatching ?

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