Facebook\’s UK corporation tax bill last year was less than it pays a single average worker
I have to admit that I don\’t particularly get worked up about that. After all, it\’s true for any and every company that\’s making a loss. But they do think there\’s something wrong with that. It\’s appalling that a company should pay less corporation tax than it pays one of its own employees.
Corporation tax paid £2,876.
Wage bill (not including director\’s top ups) was around £160 k that year and they had four, count them, four employees.
Average pay thus £40k a year.
So the Tax Justice Network pays its average employee 14 (yes, fourteen!) times what it hands over to the government for the permission to trade:
This company is taking the benefits from Britain – its roads, rule of law, regulated markets, educated workforce, universities, and so on – and then using the offshore system to get out of paying for any of these privileges. TJN (presumably) hasn\’t actually broken the law. But this sort of thing is, to use an expression, simply criminal.
Quite. Hang the bastards now.