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Mon Oct 12, 2015, 07:56 AM

Talk About Inequality


The London-based staff received an average payout of £210,000

Facebook paid just £4,327 in UK tax last year – less than the average worker
Andrew Griffin
Monday 12 October 2015 12:29 BST

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.

Many of its other profits from the UK are sent to its international headquarters in Ireland, which then puts them in the low-tax Cayman Islands, reports the Sunday Times.

Because of the measures that meant the UK business actually widened its losses, the business was able to reduce its tax bill.

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Arrow 3 replies Author Time Post
Reply Talk About Inequality (Original post)
unhappycamper Oct 2015 OP
w0nderer Oct 2015 #1
HeiressofBickworth Nov 2015 #2
malokvale77 Dec 2015 #3

Response to unhappycamper (Original post)

Sun Oct 18, 2015, 09:25 PM

1. that is a huge elephant in the room

man on the floor wage vs man in the office (ceo) office

and the gap has been getting wider and wider

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Response to unhappycamper (Original post)

Sun Nov 1, 2015, 11:31 PM

2. The problem with "averaging" wages and bonuses

is that it masks the disparity in wages and bonuses. For example, a coffee shop with 4 minimum-wage workers is visited by Bill Gates. What then is the average income of the people in the room? See how that works? So, with Facebook, saying they average 210,000 in pay does not actually represent the pay structure.

So what, you might ask? Well, the amount of taxes they pay (or more likely, DON'T pay) compared to individual wages, may reveal an inequity that is unconscionable.

So come on, Facebook, stop obfuscating with averages and totals. Just what is the difference between the lowest-paid workers and the highest-paid workers. How many times more does the CEO make than the lowest-paid worker. These figures give us a better picture of the ethics of the company.

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Response to HeiressofBickworth (Reply #2)

Wed Dec 30, 2015, 09:50 PM

3. I like the way you think. nt

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