U.K. Leaders Take Aim at Facebook’s Tax Bill
The chair of the U.K. Parliament’s Public Accounts Committee, Margaret Hodge, had some harsh words for Facebook over its low tax bill and its method of legally avoiding taxation by channeling its revenues through Ireland, home of its European headquarters.
The chair of the U.K. Parliament’s Public Accounts Committee, Margaret Hodge, had some harsh words for Facebook over its low tax bill and its method of legally avoiding taxation by channeling its revenues through Ireland, home of its European headquarters.
The Guardian reported that Facebook reported nearly 3 billion euros ($3.69 billion) in advertising sales in Europe, yet it paid just €2.3 million ($2.83 million) in tax, adding that the company channeled €2.9 billion ($3.56 billion) of its global revenues through Ireland, as well as paying out another €2.9
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