Friday May 29, 2020

Facebook accused of "immoral" behaviour in Britain over tax

Facebook has been accused of "immoral" behaviour in Britain after accounts showed that it paid a corporate tax bill of just over £238,000 in that country in 2011.

11th October, 2012
2
Facebook is facing criticism in Britain over its tax policies.

Facebook has been accused of "immoral" behaviour in Britain after accounts showed that it paid a corporate tax bill of just over £238,000 in that country in 2011, despite estimated revenues there of £175 million.

Accounts filed by Facebook's London office showed that it paid £424,651 in 2010 and last year’s tax bill amounted to just 1 per cent of its 2011 revenues, the Telegraph reported.

One Labour MP, John Mann said that it was "disingenuous and...

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