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Facebook Pays Staff GBP35m In Bonuses, Gives Treasury Just GBP4,327 In Tax

Staff at Facebook’s UK arm took home an average of more than GBP210,000 last year in pay and bonuses, while their employer paid just GBP4,327 in corporation tax. Facebook made an accounting loss of GBP28.5m in Britain in 2014, after paying out more than GBP35m to its 362 staff in a share bonus scheme, according to the unit’s latest published accounts. Operating at a loss meant that Facebook was able to pay less than GBP5,000 in corporation tax to HM Revenue for the year.

Read the whole story at The Guardian »

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