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Facebook Pays Just 3.6% Tax Outside US

  • Campaign, Monday, February 1, 2016 9:57 AM

Facebook paid a tax rate of just 3.6% on profits outside America last year thanks to its offshore tax avoidance, accounts show. The world's biggest social media company paid only $123 million in foreign tax despite pre-tax profits of $3.39 billion on sales of $9.41 billion in countries outside America, according to the newly published US annual report. By contrast, Facebook paid a much higher rate of 35 per cent in its home country where it had a tax bill of $3.01 billion on sales of $8.51 billion.

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