Facebook paid no corporation tax in Britain last year, according to its latest accounts, despite taking an estimated £223m share of the digital advertising market.
The social network’s tax bill fell from £238,000 in 2011 to zero, while its reported UK income rose by 70%.
….In common with fellow American technology leaders Google and Apple, Facebook funnels the vast majority of its income from advertisers targeting its 33 million British users through Ireland.
France is pushing for Europe to adopt a new corporation tax regime which would see multinationals such as Google and Facebook regulated and taxed in the countries where customers use their websites.
Fleur Pellerin, the French digital economy minister, is expected to push for the reforms at a summit of European leaders scheduled for the end of October.
They’re on to us, aren’t they?
Facebook’s UK corporation tax bill: £0 (The Guardian)
Poster: IDA
