Labour MP Margaret Hodge, former chairman of the Commons Public Accounts Committee who now chairs a cross party group promoting responsible taxation, said: ‘This is like putting two fingers up at the British public and taxpayers.
Facebook claims to not be making any money in the UK and yet it is giving huge bonuses to its staff in London because they are apparently doing do well.’
She added: ‘What drives me completely potty about this stuff is the company says it’s doing one thing but in practice it is doing another thing.
I can’t for the life of me see why HM Revenue & Customs does not challenge this in the courts.’
Although its annual UK sales more than doubled to £105million, Facebook was able to slash its tax bill by reporting an accounting loss of £28.5million last year.
This was because it handed out £35.4million to its workers through a share bonus scheme last year.
Just none of that is true, is it?
But this gets even better from the Mail:
Facebook was last night accused of insulting British taxpayers as it emerged staff in London have been lined up for a £250million shares jackpot.
The huge windfall will be paid out over the next three years if the US social media firm, which paid just £4,000 in corporation tax last year, hits its targets.
Details of the lavish awards, worth £690,000 for each of the 362 staff employed in the London office last year, are contained in Facebook’s UK accounts.
If that £250 million jackpot gets paid out then the Treasury will get some £125 million as a result.
They just don’t know what they’re talking about, do they?