If you a UK citizen then it is quite possible that facebook pays less in taxes than you do . According to quartz facebook paid about $6,700 in taxes whereas an average employer pays around $8,000 in UK , And facebook made 161 million USD in sales ,
So How did this happened ? Did facebook did something illegal to save taxes ?
The answer is NO , they are not indulged in anything illegal .
The tax we are talking about here is Corporation tax not individual tax . According to UK's tax policy , Bussiness making more than 300,000 Euros needed to pay 21% of their revenue in taxes . But there are various techincal aspects and loopholes in it . The company makes £105 million but spends £35 million on its staff in UK . So they spends 28.5 million as pre-taxes .
And becouse of these technicalties facebook manages to pay less than you .
Tell us how you feel about facebook paying less taxes then you .
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