ndm article

http://www.theguardian.com/media/2014/oct/22/facebook-uk-corporation-tax

Facebook pays no UK corporation tax for a second year

This article is about Facebook not paying corporation tax for the second year which may be controversial for many as employees received shares in the company worth tens of millions of pounds.

• The world’s largest social media company reported a pre-tax loss of £11.6m in the UK last year, despite its US parent company reporting a net profit of $1.5bn (£900m).

• The company made £371m in advertising revenue last year, a 67% year-on-year rise from the £222m in 2012, according to research firm eMarketer.

• The company employed an average of 172 UK staff, who were paid £40.8m last year, almost double the 2012 figure of £21m.

• UK staff received 1.52m free Facebook shares worth $118m at their current share price of about $78.

• There were also 2.2m shares worth more than $170m “outstanding” as at 31 December.

• The government has promised a change in the law to crack down on offshore tax avoidance.

Facebook being the largest social media site should be able to pay corporation tax as they make a lot of money, and as employees are getting shares worth a lot this just shows that they have the money to pay taxes. this is unfair as most of the larger companies pay their tax therefore Facebook shouldn't have an excuse as they also get profit from advertising.