Facebook paid less tax than you did last year

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.

http://www.independent.co.uk