Facebook pays £4,327 tax on its UK profits

[duke63]

What an absolute joke.

Its laughable how the all come out with the line that all their UK staff pay UK PAYE and NIC. Well they would wouldn't they but Facebook isn't paying it, the staff are.

http://www.bbc.co.uk/news/business-34504474" onclick="window.open(this.href);return false;

[Kwacky]

The more you earn, the less you have to pay.

It makes me mad that police, fire services, NHS and schools are all hit by funding when this missing tax from the big corporations would more than cover the cost of running essential services.

[duke63]

How can a company that earned more than £2,000 million last year in profits worldwide, pay less tax in the UK than people only earning a modest £25,000 per annum?

Scandalous doesn't even begin to describe it.

[kingfixer]

My tax bill is way more than that this year

[Rossgo]

Idbthat really what they pay? That's sickening. Tax the poor because we can't fight. Tax the rich and they feck off to another country!!

[Deegee]

I suspect that this style of accounting is being scrutinised very hard by HMRC, it wouldn't surprise me one bit to see legislation changed and/or introduced to combat this. When you have statements from people like Sir Phillip Green saying "My cleaner pays more tax than me", it must be difficult for the Treasury to stomach.

However, as always there is more money in helping the rich to evade taxes than there is in making them pay taxes, guess who gets the brighter minds.....

[duke63]

Deegee, they have already introduced legislation in the last budget but unless the laws become worldwide, they will always find some country somewhere to use as a base to pay less tax.

The EU is also investigating the dealings that Amazon et al have been doing with the Luxembourg government and rumours are its likely both may be fined heavily as they are effectively using unfair trading practices. Small business cannot compete when they are taking an unfair burden of the tax liability.

Very few of the small companies i deal with ( and i think i only have 2 or 3 who have turnover exceeding £1 million) pay less tax than Facebook. How can that ever be right?