How did Facebook pay 拢4,327 corporation tax in 2014?
Social network giant Facebook paid just 拢4,327 ($6,643) in corporation tax in 2014, its latest UK results show.
Its most recent Companies House filing shows the company as making a pre-tax loss of 拢28.5m last year, but the firm also paid its 362 UK staff a total of 拢35.4m in share bonuses.
The share bonuses amount to 拢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 拢26,500 on which employees pay a total of 拢5,392.80 in income tax and national insurance contributions.
Joanna Gosling, presenting the Victoria Derbyshire programme, asked Rebecca Reading, a tax partner at Tilly Baker, what she made of the tax arrangements.
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