Time To Tackle These Spongers And Chancers

[Duncer]

No, not benefit cheats this time, other cheats. I am led to believe that Facebook paid a total of just £238,000 in tax to HMRC last year despite the average salary of their UK employees being £270,000. Add in Google, IBM and their ilk, and block their tax avoidance schemes and, perhaps, we would a little along the road to recovery. Last year Facebook reported £20.4 billion in revenue, up £13 million on last year.

Strangely, Facebook refused to comment on this story.

[Mick-Talbot]

Billion?

[factor-fiction]

I can't see the relevance of the link you are making between the average salary of their employees and the tax the company pays. I'm assuming the employees have paid income tax on their high earnings

[Mick-Talbot]

Would the 20 billion not be worldwide revenue?

[Mick-Talbot]

http://www.telegraph....x-bill-of-238000.html

[AB Editor]

Also... are any of these companies based in the UK?

[FredPuli43]

Corporation tax is paid on profits less allowable trading and capital losses.It's not a tax on turnover. Facebook will pay it in respect of its business in the UK. (That appears to be making a loss at present). What's the problem? As said, its employees will be paying tax on their UK salaries. And the salaries are paid before profit is calculated, obviously, as part of the business expenses

[Duncer]

The comparison betwen salaries and the tax paid was merely that; a comparison. It seemed odd to me that a large multi-national company paid less overall tax than the average salary of an employee.