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 ...
My favorite is G.E. They paid zero in U.S. taxes....and have an entire network designed to back the Democrat party.
FB, Google et al are like typical Liberals - do as I say, not as I do.
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.
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!
And the Dems want a 50% or higher corporate tax.
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Gotta pay for all the free s### Hillary and Sanders are promising.
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.
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