Reply to: How do they get away with it?

[TheLordDave]

It's a rubbish article. The reason they paid so little was that they paid the vast majority of UK profit out as salary and bonus. Hector will have taken more tax from that than from any corporation tax due.

[Jog On]

Article says they made a £28m loss, so why are they paying any CT?

Doesn't add up does it...

[VectraMan]

This is where I have a problem with this. If Facebook did only make so small a profit on their UK earnings that their tax bill is this small then fine.

However if they did not and they are another huge corp engaging in government facilitated massive tax avoidance that the likes of us are expected to subsidise then yes this needs to be addressed - by my mate Jezza in PMQs.

No more Facebook advertising for me!

Article says they made a £28m loss, so why are they paying any CT?

[Jog On]

Tax avoidance by large corporations is kind of an industry in its own right. The corps are the customers, the big 4 consultancies the suppliers, and the government provides the legal framework, and occasionally legal havens (guernsey, cayman islands etc) to make it all work. The government also ensures that HMRC keep the focus on the little people while turning a blind eye to the corps.

This is where I have a problem with this. If Facebook did only make so small a profit on their UK earnings that their tax bill is this small then fine.

However if they did not and they are another huge corp engaging in government facilitated massive tax avoidance that the likes of us are expected to subsidise then yes this needs to be addressed - by my mate Jezza in PMQs.

No more Facebook advertising for me!

[DodgyAgent]

They paid employees instead. These employees pay tax on their earnings, bonuses and dividends.

I dont quite see what's wrong

I bet they are all tax avoiding contractor scum

[unixman]

Tax avoidance by large corporations is kind of an industry in its own right. The corps are the customers, the big 4 consultancies the suppliers, and the government provides the legal framework, and occasionally legal havens (guernsey, cayman islands etc) to make it all work. The government also ensures that HMRC keep the focus on the little people while turning a blind eye to the corps.

[PurpleGorilla]

Look PG a non boomer who has managed to make his way in the world by working hard and not bitching about everyone else taking his opportunities.....

bet he can afford a house

I guess his rich parents had nothing to do with it.

[fullyautomatix]

What is your actual question ? Are you asking something like, if they can do it can I do it ? If so, nope, perish the thought.

[original PM]

Look PG a non boomer who has managed to make his way in the world by working hard and not bitching about everyone else taking his opportunities.....

bet he can afford a house

[PurpleGorilla]

[VectraMan]

And anyway, they're an American internet business. Why should they be paying any UK tax?

[FatLazyContractor]

They paid employees instead. These employees pay tax on their earnings, bonuses and dividends.

I dont quite see what's wrong

[VectraMan]

Because they made ~£20K in profit?

[MarillionFan]

Facebook paid £4,327 corporation tax in 2014

Facebook paid £4,327 corporation tax in 2014 - BBC News

Do we like or dislike this one?

[barrydidit]

Double what Suity managed to contribute though.