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Craig380 · 04-03-20, 08:08 AM

See my earlier post, Bibs. Why did my small, 10-person company pay more UK corporation tax in 2017 than Facebook, which at the time had 2,300 UK employees and UK revenues of nearly a billion pounds?

It's because Facebook aggressively avoids paying taxes on its UK profits by a Russian-doll structure of holding companies, with the parent firms in low- or zero-tax jurisdictions. The fact is, small and growing firms are easy targets for tax authorities, whereas larger companies can set up complex holding structures to evade tax.

Yes, it's 'legal.' But as Seeker said, it isn't ethical.

04-03-20, 08:08 AM	#13
Craig380 Member Mega Poster Join Date: May 2015 Posts: 1,244	Re: Jeff Bezos (Amazon) See my earlier post, Bibs. Why did my small, 10-person company pay more UK corporation tax in 2017 than Facebook, which at the time had 2,300 UK employees and UK revenues of nearly a billion pounds? It's because Facebook aggressively avoids paying taxes on its UK profits by a Russian-doll structure of holding companies, with the parent firms in low- or zero-tax jurisdictions. The fact is, small and growing firms are easy targets for tax authorities, whereas larger companies can set up complex holding structures to evade tax. Yes, it's 'legal.' But as Seeker said, it isn't ethical.