Facebook intends to pay huge tax in the UK

Facebook intends to pay huge tax in the UK


LONDON, March 4. /Corr. Maxim Ryzhkov/. Social network Facebook, the profit of which amounts to 18 billion dollars a year will no longer avoid full tax payments in the UK. This was reported by TV and radio broadcasting Corporation “Bi-bi-si” with access to corporate information.

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“On Monday we will begin to notify major UK customers, since the beginning of April they will receive invoices from the division’s UK Facebook and not Facebook Ireland,” – said in a statement on the company’s message.

Thus, from 1 April, Facebook will no longer evade taxation in the UK by conducting all their financial transactions in the United Kingdom through its Irish office.

However, this would only apply to major advertising deals with British companies such as supermarket chains Tesco and Sainsbury’s, food manufacturer Unilever and the advertising and PR firm WPP. As noted by “Bi-bi-si”, a year – by April 1, 2017 the social network will be ready to pay significant amounts of corporate income tax.

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Attention to the activities of Facebook in the UK paid in 2014. Then the operator world the social network was dismissed in the British budget in the form of income tax only 4 327 pounds ($121 6) if the monthly global profit more than 1 billion pounds (1,41 billion).

The current intention of Facebook is due to a series of good reasons. First, the UK government has already introduced a tax on the country, but derived from it a profit rate of 25%, which is 5% percent above actual tax on corporate profits. Secondly, Facebook is interested in expanding its business in the United Kingdom. The company has an office here employing 850 employees and is building a new London headquarters.