SarahBell Posted October 12, 2015 Share Posted October 12, 2015 http://www.bbc.co.uk/news/business-34504474 Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses.The share bonuses amount to £96,000 on average per UK Facebook employee.It means Facebook's UK corporation tax bill was less than the tax the average UK employee paid on their salary.The average UK salary is £26,500 on which employees pay a total of £5,392.80 in income tax and national insurance contributions. I wonder how many people who work at FB get tax credits? Quote Link to comment Share on other sites More sharing options...
sikejsudjek Posted October 12, 2015 Share Posted October 12, 2015 Its just immoral. This Government cuts ESA from £75 week to £55 'because you need to be paid less as an incentive to get back to work' while presiding over corporate tax evasion. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted October 12, 2015 Share Posted October 12, 2015 Wholly immoral, so a perfect fit for Dave and George. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 12, 2015 Share Posted October 12, 2015 I welcome this noble and patriotic payment from the Book of Faces. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted October 12, 2015 Share Posted October 12, 2015 http://www.bbc.co.uk/news/business-34504474 Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses. The share bonuses amount to £96,000 on average per UK Facebook employee. It means Facebook's UK corporation tax bill was less than the tax the average UK employee paid on their salary. The average UK salary is £26,500 on which employees pay a total of £5,392.80 in income tax and national insurance contributions. I wonder how many people who work at FB get tax credits? I dislike facebook (and refuse to use them) because I'm against Enclosure of the Commons, which is their whole business model. But I applaud them for minimising their corporation tax bill. One more demonstration that that particular tax is not fit for purpose. Quote Link to comment Share on other sites More sharing options...
dougless Posted October 12, 2015 Share Posted October 12, 2015 I dislike facebook (and refuse to use them) because I'm against Enclosure of the Commons, which is their whole business model. But I applaud them for minimising their corporation tax bill. One more demonstration that that particular tax is not fit for purpose. Likewise, I cant stand FaceAche and avoid it and all its imitators like the plague. I like your perspective about social networking sights being akin to the Enclosures. I take you point about them demonstrating that corporation Tax is broken but I am not sure enough people really care or get how they are being taken advantage of by these Corporations and large Companies. I think the safest view to take about Big Business is that 'they are not your friends' and they will fleece you if they can. Quote Link to comment Share on other sites More sharing options...
happyrichie Posted October 12, 2015 Share Posted October 12, 2015 people still use facebook? i though that had been relegated to single mums and nail polish sales people Quote Link to comment Share on other sites More sharing options...
macca Posted October 12, 2015 Share Posted October 12, 2015 One of the worst things about the internet. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted October 12, 2015 Author Share Posted October 12, 2015 people still use facebook? i though that had been relegated to single mums and nail polish sales people I have today found a 'gif' button on my messages. It's like myspace never died! Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted October 12, 2015 Share Posted October 12, 2015 (edited) Its just immoral. Just so I've got this straight - we are complaining about a company distributing all its profits to its employees (rather than say the directors trousering it all) and in a manner which ensures that the employees get the benefits instead of the gov ?. Edited October 12, 2015 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
Squeeky Posted October 12, 2015 Share Posted October 12, 2015 I wish my employer distributed all of their profits and corporation tax to their employees..... Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted October 12, 2015 Share Posted October 12, 2015 No - immoral is trading in an infrastructure paid by everyone's tax, whoever trouser'ss then wedge. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 12, 2015 Share Posted October 12, 2015 The trouble is if everyone could do this the entire system would collapse, the tax system appears to function as a burden for the poor who can't afford to pay but can't avoid paying and the rich who can afford to pay but avoid it at all costs. Quote Link to comment Share on other sites More sharing options...
pipllman Posted October 12, 2015 Share Posted October 12, 2015 pretty big PAYE bill I suppose not quite in amazon's league with legions of low paid / tax credit / 0 hour contract / part time / agency warehouse staff and grants to build warehouses Quote Link to comment Share on other sites More sharing options...
Oh Well :( Posted October 12, 2015 Share Posted October 12, 2015 How does Facebook actually make money anyway? Any individual or organisation who "starves the beast" has my approval. Our government just pisses other peoples money up the wall. Quote Link to comment Share on other sites More sharing options...
kjw Posted October 13, 2015 Share Posted October 13, 2015 How does Facebook actually make money anyway? Any individual or organisation who "starves the beast" has my approval. Our government just pisses other peoples money up the wall. In a word, advertising. Facebook has so many users that if it was a country, it would be the 3rd largest in the world. Quote Link to comment Share on other sites More sharing options...
200p Posted October 13, 2015 Share Posted October 13, 2015 Look I made this meal today! Just arrived in Sydney, where are you today? Just picked up the keys, washed this baby down, and checked over the airbags. Just exchanged contracts woohoo! Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted October 13, 2015 Share Posted October 13, 2015 Whilst anyone on PAYE gets mugged off. I presume they make money by selling lists. FB only benefits - the Tax payer loses. Quote Link to comment Share on other sites More sharing options...
200p Posted October 13, 2015 Share Posted October 13, 2015 FB is a valuble service for people who like to puff their chests out. No other company in the world does it better! Quote Link to comment Share on other sites More sharing options...
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