Facebook has been cheating the UK public out of millions, but that stops right here

‘The social media empire that has, for better or worse, consumed a large proportion of our lives has finally ‘decided’ to pay a substantial amount of tax in the UK, rather than routing its profits through Dublin and the Cayman islands. This comes after a series of minor debacles involving the tech firm, some intense public pressure, and also their big brother Google’s similar tax scandal.

Facebook needs no introduction. It is overwhelmingly likely that you reached this article by way of the ubiquitous internet squid, whose tentacles reach into our offices, bedrooms and smartphones. Unsurprisingly, Facebook has been raking in the cash, mostly because of all the free content its users create. The frantic network of sharing, comparing, ridicule, caring, exactitude and envy makes a perfect environment for advertisers to ply their wares, and Facebook makes a killing in the process. And yet for years the tech leviathan has been paying an utterly piffling amount of the tax in the UK.

How piffling? £4,327 piffling.’

Read more: Facebook has been cheating the UK public out of millions, but that stops right here

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