Thursday, 8 October 2015

HWK 8

How low is Facebook's corporation tax bill?

  • Even though Facebook paid its 362 UK employees an average of £210,000 in pay and bonuses, the company's corporation tax bill was less than the average UK worker pays in income tax.
  • According to figures from DueDil, Facebook UK's most recent turnover (according to 2014 figures) was £105 million - however, in Ireland, the company turned over almost €3 billion (£2.2 billion) in 2013.
  • And even though £4,327 of tax seems low, it's a higher figure than in previous years - in 2012, Facebook UK paid no corporation tax at all, according to The Guardian.

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