Facebook’s UK tax bill triples to £15.7m

Facebook paid £15.7m in tax in the UK last year, which is triple the amount it paid in the previous year.

In 2016, Facebook’s tax bill rose to £5.1m, following a major overhaul of the social media firm’s tax structure.

However, the company’s profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017.

The company’s UK office provides marketing services and sales and engineering support to the company.

Go to Source