Facebook’s UK Operations Paid Only $6,600 In Corporate Tax Last Year
- 9 years ago
In 2014, Facebook’s UK operations paid only about $6,600 in corporate tax.
Facebook often boasts of huge successes, but when it's tax time in the UK, they apparently shift the focus to their losses.
In 2014, the company’s UK operations paid only about $6,600 in corporate tax.
That amount is less than what an average UK worker, with an annual salary of roughly $40,000, paid in income tax and contributions to national insurance.
Facebook UK’s Companies House filing for 2014 showed losses of about $43 million.
The lack of profit was partially attributed to share
Facebook often boasts of huge successes, but when it's tax time in the UK, they apparently shift the focus to their losses.
In 2014, the company’s UK operations paid only about $6,600 in corporate tax.
That amount is less than what an average UK worker, with an annual salary of roughly $40,000, paid in income tax and contributions to national insurance.
Facebook UK’s Companies House filing for 2014 showed losses of about $43 million.
The lack of profit was partially attributed to share