Facebook Pays Less Than £4327 Corporation Tax In The Uk For 2015
Good old Facebook eh? Don't know about you, but we can barely remember a time when we couldn't fill our hours with endless, joy filled scrolling through cat gifs, inspirational quotes and bug-eyed bullshit about immigrants posted by weirdo uncles. And the best thing about Facebook is how they've managed to monetise their site so well, up to point that almost no one will see anything you stick up unless you chuck a healthy bit of cash behind it. Sterling work Zuckerberg. So with these two things in mind – a) everyone uses facebook and b) loads of people throw money at it – it came as something of a surprise when news broke today that the company paid a whopping £4327 in corporation tax for the year 2014-2015.
YES. The company that last year earned a sweet 105 million quid paid less in tax than the average UK worker. It's wonderful to see that George Osborne's lowering of the corporation tax is doing such great work in getting multinationals to cough up. This latest news means Facebook can step up alongside other big hitting tax diddlers such as Starbucks – who paid just £8.6m in UK corporation tax in the 14 years between 1998 and 2012, despite making more than £3bn in UK sales in the same period. But don't worry – it's all legal. A spokesperson for Facebook said: “We are compliant with UK tax law, and in fact in all countries where we have operations and offices. We continue to grow our business activities in the UK”. So that's OK, nothing to see here folks. Move along now.