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Facebook UK Ends 2015 With GBP11m Tax Credit

Facebook's UK arm ended 2015 with an GBP11.3m credit to offset against future tax payments just months after vowing to contribute more to the Exchequer. Despite reporting a worldwide profit of $6.19bn (GBP4.97bn), accounts for the social network's British holding company show that it ended the year with a £11.3m tax credit, compared to a charge of GBP4,327 in the prior year. 

Read the whole story at The Telegraph »

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