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In this case, Facebook did pay the full whack of tax. The article implies they avoided paying corporation tax by paying out large bonuses, causing them to have
by Cakez0r 11y ago
In this case, Facebook did pay the full whack of tax. The article implies they avoided paying corporation tax by paying out large bonuses, causing them to have been operating at a loss (on paper). If that is the case, then I don't think that's such a bad thing. All of their employees will still pay tax on their bonuses, so it's not like the tax payer is being completely robbed. At least their workers are getting a cut of the profit, rather than having it all go to Facebook's coffers and the government (in the form of corporation tax).