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Facebook's tiny UK tax bill explained

Social network giant Facebook paid just £4,327 ($6,643) in corporation tax in 2014, its latest UK results show.

Its most recent Companies House filing shows the company as making a pre-tax loss of £28.5m last year, but the firm also paid its 362 UK staff a total of £35.4m in share bonuses.

It means Facebook's UK corporation tax bill was less than the tax the average UK employee paid on their salary.

  • 12 Oct 2015
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