Facebook paid just £28m tax after record £1.6bn revenues in UK
▻https://www.theguardian.com/technology/2019/oct/11/facebook-paid-just-28m-on-record-16bn-earnings-in-the-uk
Profits on social media app surged by more than 50% to £97m in latest tax year Facebook’s UK operations paid £28m in corporation tax last year despite achieving a record £1.6bn in British sales. The social media company’s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m. Steve Hatch, the Facebook vice-president for Northern Europe, said : “Businesses across the country use our platforms to (...)
▻https://i.guim.co.uk/img/media/25d1d746261d23862bf732e3420b77b481afb4ac/0_200_3500_2100/master/3500.jpg