Facebook paid £4.1 million in UK corporation tax last year, its accounts show. That's a huge increase on the £4,327 tax bill it paid in 2014. However, BBC News reports that people still aren't happy about the level of tax the company is paying.
The accounts show that Facebook UK posted turnover of more than £210 million, and taxable profit around £20 million.
The issue here is partly that Facebook's UK accounts simply aren't easy to read.
The social network's UK branch paid less in corporation tax than the country's average worker pays in income tax, following a trend of Silicon Valley behemoths avoiding the taxman.
Facebook, a company with a market value of US$245 billion, paid just US$6,199 (£4,327) in tax to Britain in 2014, despite making an annual profit of US$2.6 million (£1.9 million).
Facebook is reportedly going to change its corporate structure so that it pays more tax in the UK, BBC News reports. The company used to route sales through Ireland so that it paid a lower tax rate, but the BBC reports that it's goi...
Some Facebook users in the United Kingdom (UK) may be getting ready to put that rumored "dislike" Facebook button to use: the social media site paid just £4,327 ($6,643 US) in UK corporate tax in 2014.