Google buys $1 billion plot of land for new central London HQ | The Verge: "The move may be motivated by tax incentives, as well. Tax campaigner and accountant Richard Murphy told Reuters that it makes sense for Google to invest its overseas cash holdings in property, since sending it back to the US would subject it to American taxes. "If you're not going to send it back to the parent company to repurchase its shares, which is the normal route for a U.S. corporation sitting on a pile of cash, what else are you going to do with it?" Murphy explained."
California Budget Hurt by Facebook's Stock-Price Slump - WSJ.com: "Restrictions on sales by Facebook insiders began to lapse in October 2012. At the time, Facebook shares traded at $23.21, compared with the state's earlier estimate of $35, according to H.D. Palmer, a spokesman for the state Finance Department. As a result, he said, the state now expects $581 million in taxes from vesting of restricted stock, compared with an earlier estimate of $891 million.
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