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Facebook paid £4,327 corporation tax in 2014
BBC ^ | 10/12/2015 | BBC Business

Posted on 10/12/2015 8:58:05 AM PDT by God luvs America

Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses.

The share bonuses amount to £96,000 on average per UK Facebook employee.

It means Facebook's UK corporation tax bill was less than the tax the average UK employee paid on their salary.

The average UK salary is £26,500 on which employees pay a total of £5,392.80 in income tax and national insurance contributions.

In January, Facebook reported global fourth-quarter profits of $701m (£462m), a 34% increase on the same period a year earlier.

(Excerpt) Read more at bbc.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; News/Current Events; United Kingdom
KEYWORDS: facebook; unitedkingdom
i understand this is the British side of things and would be interested on the American side. But again we see another left wing gazillioniare in zuckenberg screaming for change a social justice for everyone else- but him...
1 posted on 10/12/2015 8:58:05 AM PDT by God luvs America
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To: God luvs America

My favorite is G.E. They paid zero in U.S. taxes....and have an entire network designed to back the Democrat party.


2 posted on 10/12/2015 9:00:35 AM PDT by TigerClaws
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To: God luvs America

FB, Google et al are like typical Liberals - do as I say, not as I do.


3 posted on 10/12/2015 9:05:14 AM PDT by Wuli
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To: Wuli

The taxes were paid by the individuals, not the corporation. Remember that corporate taxes come out of money that would be paid to stockholders, employees. So by moving the money to the stockholders and employees, the taxes were moved from corporate taxes to individual taxes.

Taxes were paid, just not by the corporation.

As to GE, etc, would you rather pay 15% in Europe or 35% in the US? That is how corporations are now structured. And the Dems want a 50% or higher corporate tax.


4 posted on 10/12/2015 9:07:35 AM PDT by rstrahan
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To: God luvs America

The Brits should be far more concerned that Zuckerberg and his irresponsible company are getting people killed in their country.

http://www.theguardian.com/uk/2010/mar/08/peter-chapman-facebook-ashleigh-hall

Facebook is Evil!


5 posted on 10/12/2015 9:20:25 AM PDT by Buckeye McFrog
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To: rstrahan
If we were to abolish federal business taxes and most regulation the rise in prosperity for 99% of the population would be phenomenal as the world's corporations rapidly relocate to America. Feeling prosperous would be even quicker because as people who are making very little start to see their wages rise they feel prosperous even before they actually are.
6 posted on 10/12/2015 9:23:28 AM PDT by arthurus (It's true.)
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To: rstrahan

And the Dems want a 50% or higher corporate tax.

*******************************************************************

Gotta pay for all the free s### Hillary and Sanders are promising.


7 posted on 10/12/2015 9:37:57 AM PDT by Graybeard58 ( Bill and Hillary Clinton are the penicillin-resistant syphilis of our political system.)
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To: rstrahan

It misses the point. FB, Google et al are uber Liberal organizations and work and function in support of Liberal agendas, but get away with being hypocrites to those Liberal causes, when it comes to THEIR companies pocketbooks. They don’t mind their Liberal friends going after other companies and their taxes, they know THEY’RE business activities will be ignored by them.


8 posted on 10/13/2015 4:03:30 PM PDT by Wuli
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