12 Oct, 2015
Facebook’s UK operations paid only £4,327 in taxes last year, less than the average worker.
The small bill was despite the company being able to pay its 362 UK-based employees an average of £210,000 in pay and bonuses. It gave its London staff Facebook shares worth £35.4 million, according to the report, pushing its losses to £28.5 million and so hugely reducing its tax bill.
Many of its other profits from the UK are sent to its international headquarters in Ireland, which then puts them in the low-tax Cayman Islands, reports the Sunday Times.