Talk About Inequality

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http://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-paid-only-4327-in-uk-tax-last-year-less-than-the-average-worker-a6689731.html

The London-based staff received an average payout of £210,000

Facebook paid just £4,327 in UK tax last year – less than the average worker
Andrew Griffin
Monday 12 October 2015 12:29 BST

Facebook’s UK operations paid only £4,327 in taxes last year, less than the average worker.

The small bill was despite the company being able to pay its 362 UK-based employees an average of £210,000 in pay and bonuses. It gave its London staff Facebook shares worth £35.4 million, according to the report, pushing its losses to £28.5 million and so hugely reducing its tax bill.

Many of its other profits from the UK are sent to its international headquarters in Ireland, which then puts them in the low-tax Cayman Islands, reports the Sunday Times.

Because of the measures that meant the UK business actually widened its losses, the business was able to reduce its tax bill.