Facebook's corporation tax bill rises to £4.1m after pressure from campaigners



Facebook paid £4.1 million in corporation tax last year after being publicly criticised for contributing £4,327 in 2014.
The latest figure of £4,168,609 is still a fraction of the £210 million revenues the firm reported in the UK in 2015.
Facebook has global profits of more than £1 billion every three months but its corporation tax payment in 2014 was less than a worker on an average wage would have paid in income tax and national insurance.
The firm has since made voluntary changes to how much tax it pays after mounting pressure from campaigners.
Corporation tax is charged at 20% on... read more

 
9 October 2016 in Regional East, Views: 32
Source: Belper News
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