Facebook paid £4,327 corporation tax in the UK in 2014
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Re: Facebook paid £4,327 corporation tax in the UK in 2014
#2[deleted]
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#3> Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses.
So £35m was distributed as income towards the employees. This means the employees are paid extra, have more money to contribute and spend locally, and have paid the correct income taxes on the bonuses. How is this a bad thing?
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#4No-one expects companies to pay the full whack of tax. But Facebook is taking the piss. They need to be a bit careful, because they risk causing much tighter tax regulation in EU.
Citizens don't see this behaviour and think "well done, got one over on the government". Most citizens are infuriated by this scumbag behaviour.
And before anyone says "they're just obeying the law" -- we don't know that. They're clearly not evading tax, just aggressively avoiding it, but some tax avoidance schemes haven't been tested in courts yet.
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#5Tech companies don't show profits as long as there's place for development. They're still paying tax on everything else, including renting offices, paying salaries and bonuses etc.
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#6> Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses. So £35m was distributed as income towards the employees. This means the employees are paid extra, have more money to contribute and spend locally, and have paid the correct income taxes on the bonuses. How is this a bad thing?
How is this a bad thing?
Because the amount of corporation tax paid makes a better headline?
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#7> Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses. So £35m was distributed as income towards the employees. This means the employees are paid extra, have more money to contribute and spend locally, and have paid the correct income taxes on the bonuses. How is this a bad thing?
Ah, trickle down economics!
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#8> Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses. So £35m was distributed as income towards the employees. This means the employees are paid extra, have more money to contribute and spend locally, and have paid the correct income taxes on the bonuses. How is this a bad thing?
Facebook reaps the rewards of the UK infrastructure. Facebook should behave as a responsible citizen and help fund that infrastructure.
If they don't want to behave like responsible citizens they can fuck off.
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#9What is the news here? FB was making a loss last year, so why should they pay corporation tax?
Re: Facebook paid £4,327 corporation tax in the UK in 2014
#10No-one expects companies to pay the full whack of tax. But Facebook is taking the piss. They need to be a bit careful, because they risk causing much tighter tax regulation in EU. Citizens don't see this behaviour and think "well done, got one over on the government". Most citizens are infuriated by this scumbag behaviour. And before anyone says "they're just obeying the law" -- we don't know that. They're clearly no…
> They need to be a bit careful, because they risk causing much tighter tax regulation in EU.
Don't think they've got much to worry about as long as Juncker's in charge of the commission at least. There will be huffing and puffing, but no blowing the house down.