Social networking firm paid average of £210000 to staff in Britain,but overall loss in UK of £28.5m meant very small corporation tax was due Staff at Facebook’s UK arm took home an average of more than £210000 final year in pay and bonuses, while their employer paid just £4327 in corporation tax.
Facebook made an accounting loss of £28.5m in Britain in 2014, and after paying out more than £35m to its 362 staff in a share bonus scheme,according to the unit’s latest published accounts. Operating at a loss meant that Facebook was able to pay less than £5000 in corporation tax to HM Revenue for the year.
Continue reading...
Source: theguardian.com