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by tomelders
3904 days ago
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The reason they paid such low corporation tax is because they funnelled that money into a country where they dont pay tax as a business expense. Im not sure what Facebooks specific set up is, but it will be something like this. Facebook luxembourg provides a license for Facebook UK to use the facebook logo. The fee for that license just happens to coincide with all the profits Facebook UK made this year. It's a fictional cost, and totally legal. But its still dirt bag behaviour. |
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