Sunday, 2 November 2014

Facebook

http://www.theguardian.com/media/2014/oct/22/facebook-uk-corporation-tax

Facebook paid no UK corporation tax in 2013, it has emerged

This article is about how The massive social media society Facebook don't pay any UK cooperation tax. Facebook is the biggest social media company and most shareholders are from the UK and They pay out shares without any tax and this money is being distributed to people in the UK 


  • Facebook made 371 million from advertising last year
  • UK Staff received 1.52 free shares worth 118 million dollars
  • UK revenue rose to 47 million within a year 
  • 2.2 million shares weren't paid out 
I believe that Facebook U.K Must pay U.K tax as everybody earning money have to give give a percentage back to the U.K and Facebook isn't a exception as they are a normal business and I believe that they must get a penalty and serve the consequences.  




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