Welcome to WebmasterWorld Guest from 54.234.38.8

Forum Moderators: httpwebwitch & not2easy

Message Too Old, No Replies

Facebook Stock Price Means Lower Tax Revenues For California

     
2:22 pm on Aug 2, 2012 (gmt 0)

Administrator from GB 

WebmasterWorld Administrator engine is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:May 9, 2000
posts:22282
votes: 236


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.
2:37 pm on Aug 2, 2012 (gmt 0)

Senior Member from FR 

WebmasterWorld Senior Member leosghost is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

joined:Feb 15, 2004
posts:6717
votes: 230


counting chickens prior to their hatching ?