Poverty

unhappycamper

(60,364 posts) Mon Oct 12, 2015, 08:56 AM Oct 2015

Talk About Inequality

http://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-paid-only-4327-in-uk-tax-last-year-less-than-the-average-worker-a6689731.html

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.

3 replies

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Talk About Inequality (Original Post) unhappycamper Oct 2015 OP

that is a huge elephant in the room w0nderer Oct 2015 #1

The problem with "averaging" wages and bonuses HeiressofBickworth Nov 2015 #2

I like the way you think. nt malokvale77 Dec 2015 #3

w0nderer

(1,937 posts)

1. that is a huge elephant in the room

Reply to unhappycamper (Original post)

Sun Oct 18, 2015, 10:25 PM

Oct 2015

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

and the gap has been getting wider and wider

HeiressofBickworth

(2,682 posts)

2. The problem with "averaging" wages and bonuses

Reply to unhappycamper (Original post)

Mon Nov 2, 2015, 12:31 AM

Nov 2015

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.

malokvale77

(4,879 posts)

3. I like the way you think. nt

Reply to HeiressofBickworth (Reply #2)

Wed Dec 30, 2015, 10:50 PM

Dec 2015

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