Facebook: Taxing Times for Social Media Giant

Corporation Tax switch sees Facebook paying more tax in 2016-17 Financial Year

Taxing times for Facebook.
Taxing times: Facebook has agreed to pay UK Corporation Tax for its British operations. On the other hand, it is using an employees’ bonus scheme to streamline its tax bill. Image by RawPixel.com/Shutterstock.

 

Facebook, Mark Zuckerberg’s social networking site is set to pay more Corporation Tax in the next Financial Year, following a recent outcry. The popular social media site will switch the tax base of its UK operations from Dublin to London. Continue reading “Facebook: Taxing Times for Social Media Giant”