Just how much tax should Facebook pay in Europe? In 2011, the social network skated away with a tax bill of just €3.2 million (about $4.7 million) in Ireland despite garnering gross profits of $1.35 billion there — an effective rate of less than half a percent. UK Labour MP John Mann is calling the company’s actions "disingenuous" and "immoral," as the continent-wide debate about how to tax multinationals continues to build steam. Earlier this year, Mann had similar words for...
Just how much tax should Facebook pay in Europe? In 2011, the social network skated away with a tax bill of just €3.2 million (about $4.7 million) in Ireland despite garnering gross profits of $1.35 billion there — an effective rate of less than half a percent. UK Labour MP John Mann is calling the company’s actions "disingenuous" and "immoral," as the continent-wide debate about how to tax multinationals continues to build steam. Earlier this year, Mann had similar words for...
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