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Facebook UK Revenues Leap To GBP1.6bn, Tax Bill Is Only GBP97m

Coinciding with the OECD's announcing proposals to make the tech giants pay tax where revenues are earned, Facebook has posted massive sales figures for the UK of GBP1.6bn last year. However, this only amounted to a taxable profit of just GBP97m. This left the social media giant paying just GBP28m in corporation tax on revenues of GBP1.6bn, The Guardian reports.

Read the whole story at The Guardian »

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