Facebook pays?28.5m in tax as revenues hit a record?1.65bn" width="976" height="549">
Facebook's UK arm paid
The UK division spent ?356m on research, development and engineering in the UK last year, the accounts filed at Companies House showed.Steve Hatch, the company's vice president for Northern Europe, said: "The UK is now one of Facebook's most important hubs for global innovation. We continue to grow and invest heavily in the UK and by the end of the year we'll employ 3,000 people here."The UK operation employed 1,290 people in 2017, and almost 2,000 in 2018.
New tax rules?
Last month, Amazon came under fire for paying ?14.7m in UK corporation tax last year, despite reporting sales of ?2.3bn. Google has faced similar criticism.Earlier this week, the Organisation for Economic and Development (OECD), proposed tax changes aimed at making global firms pay more tax.The proposals would give governments more power specifically to tax big technology firms such as Apple, Facebook and Google.Companies that do business in more than one country have long been a challenge for tax authorities, because they can structure their business in a way that minimises their tax bills.The OECD's proposal includes new rules on where tax should be paid and on the proportion of their profits that should be taxed in each country.
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