Tuesday, 13 October 2015

Tax evasion

Facebook has highlighted once again how the big companies couldn't care less about their responsibilities as long as their customer base doesn't get wind of it.

In their latest UK results Social network giant Facebook paid just £4,327 [$6,643] in corporation tax in 2014, this from a company worth £190billion and a turnover of over £2billion. I never realised corporation tax was 0.0000000002% I thought the rate for the year ending 31 March 2015 was 21%.

The latest revelations will reignite the debate about how much UK corporation tax companies pay at a time when several multinational corporations are being investigated by the European Commission over the tax arrangements they have with European Union member states.


Perhaps HMRC should come up with a new tax like a 'Point of Consumption Tax' which has been suggested via social media something Facebook knows about.

No comments:

Post a Comment