Facebook Reportedly Gets GBP 11.3 Mln UK Tax Credit


Facebook's UK unit recorded an 11.3 million pounds tax credit in 2015 thanks to accounting rule changes, even as it paid 4.17 million pounds in corporation tax, reports said, citing accounts filed at Companies House. The tax credit, despite reporting a worldwide profit of $6.19 billion or 4.97 billion pounds, is the result of offsetting payments linked to its bonus scheme for staff.

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