Facebook paid £4,327 UK corporation tax in 2014

karma_

Boring username wrote: »

Rabble rabble 1% fat cats rabble water charges Mick Wallace rabble rabble Denis O Brien rabble rabble kill the rich.



Am I doing this right?

Yup, ye have the standard libertarian arrogance down to a tee.

joebloggs32

kjl wrote: »

http://www.bbc.com/news/business-34504474

Is this actually a joke? They basically used corporate loophole by paying employee bonuses so they could declare a 28 million pre tax less.

I think it's time that corporations stop getting a free ride in Europe, it's an utter joke that I have to play 52% of my salary in taxes when these corporations are getting off scot free.

Put this in perspective, I payed about 5 times what Facebook did in taxes in 2014.

Thinly veiled I earn 100k a year thread.

Tarzana2

Alfonso Mammoth Wisecrack wrote: »

Worked out well for Ulster bank.

Ireland is actually pretty special, the combination of highly skilled graduates, the willingness of highly skilled people to come here from abroad and live here, our low corporate tax rates, our closeness in distance and not too far off in time zone from the US which helps with both travel and latency on internet connections, the fact we speak English and plenty more reasons.

Actually, American multinationals have highlighted the poor quality of our graduates in the recent past. Will find links later.

Eugene Norman

Tarzana2 wrote: »

Silicon Valley is its own special world. It attracts the best of the best. Silicon Valley IS a special snowflake. Ireland ain't no Silicon Valley. :pac:

The same criteria apples to Europe. For high skilled Europeans unprepared to go to the US but prepared to travel where do you go? To Belarus or Ireland.

The same criteria applies within India or the software industry would flee Bangalore for Calcutta.

Eugene Norman

Tarzana2 wrote: »

Actually, American multinationals have highlighted the poor quality of our graduates in the recent past. Will find links later.

Yes, but that's fairly recent. During the boom the quality of students doing IT plummeted. Science too. The money was elsewhere, irelands boom conincided with the post Web 1.0 bust. Anecdotally that's changing.

But there are other reasons as Nx001 opined. And invested capital is sticky. A manufacturing plant might go to Poland in the hope of hiring Poles but if you want access to high skilled European talent you can't go to Poland and pay polish wages.

If you can get away with polish graduates then it would be fine. By and large you need to attract more than just the locals though.

kjl

davo2001 wrote: »

You recently commented in this thread "Have you ever lied on your C.V?" and admitted lying so sorry if i don't take you at face value ;-)

clearly you didn't read what I wrote.

kjl

Alfonso Mammoth Wisecrack wrote: »

The stupidity of people who think risking tens of thousands of jobs is a wise course of action (even if it is only a small risk) is beyond belief. Thankfully the powers that be know this and have no intention of any big increase in corporation tax and will fight any crap from Europe to the end.

If corporations paid their fair share, then income tax would be reduced which would mean more money in the economy which in turn will create more jobs.

This kind of thinking is just moronic. It's not fair that a corporation can make billions pay minimal tax and hoard the money while the good people of Ireland pay debt that isn't theirs.

The multinational have a lot invested in Ireland, we are positioned well in europe, we have educated workers. If they increased corporation tax there will not be some mass exit like you think. Most corporations have 1000's of offices all around the world and are not just going to leave because the cost of business goes up.

nxbyveromdwjpg

A Primal Nut wrote: »

Surely the important figure is how much Corporation Tax they paid globally? It's possible their UK operations could make a loss while their Irish or US operations made a profit, or example. Usually the likes of Facebook declare a lot of their profits in Ireland and losses elsewhere.

This is it completely.

Their EU HQ is here, and USA HQ would be the main operation.

Who cares what they pay in the UK. The title is clickbait.

kjl

joebloggs32 wrote: »

Thinly veiled I earn 100k a year thread.

What I earn is not relevant, I pay my taxes and what do I get for it? Nothing.

I've never needed anything from the government, I went to private school, I have private health insurance and the Guardi have never been more than an annoyance for me. Tell me how I am benefiting paying 52% of my salary.

karma_

kjl wrote: »

What I earn is not relevant, I pay my taxes and what do I get for it? Nothing.

I've never needed anything from the government, I went to private school, I have private health insurance and the Guardi have never been more than an annoyance for me. Tell me how I am benefiting paying 52% of my salary.

You never had to go to a state school, you have never needed state help for your health and the fuzz never bothered you and here you are saying you have NEVER benefited.

Jesus.

karma_

Fattastic thread over on reddit about this atm. A most salient point was raised which moved the discussion along which was that we 'Are being taught to hate downward'. Did that guy hit the nail on the head or what?

nxbyveromdwjpg

karma_ wrote: »

Fattastic thread over on reddit about this atm. A most salient point was raised which moved the discussion along which was that we 'Are being taught to hate downward'. Did that guy hit the nail on the head or what?

https://np.reddit.com/r/worldnews/comments/3ofo13/facebook_paid_4327_of_uk_corporation_tax_in_2014/cvwv6h6

Geuze

kjl wrote: »

http://www.bbc.com/news/business-34504474

Is this actually a joke? They basically used corporate loophole by paying employee bonuses so they could declare a 28 million pre tax less.

I think it's time that corporations stop getting a free ride in Europe, it's an utter joke that I have to play 52% of my salary in taxes when these corporations are getting off scot free.

Put this in perspective, I payed about 5 times what Facebook did in taxes in 2014.

It is bad, yes.

But note that nobody, but nobody in Ireland pays 52% of their income in taxes.

52% is a marginal rate [MTR] on extra income.

My name is URL

Nicholas Rancid Misfortune wrote: »

https://np.reddit.com/r/worldnews/comments/3ofo13/facebook_paid_4327_of_uk_corporation_tax_in_2014/cvwv6h6

Fcuker got 23 golds for that. Shur he's part of the 1% now

Muahahaha

Senator Elizabeth Warren hit the nail on the head on taxation of corporates

“There is nobody in this country who got rich on their own. Nobody. You built a factory out there - good for you. But I want to be clear. You moved your goods to market on roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory... Now look. You built a factory and it turned into something terrific or a great idea - God bless! Keep a hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”

Geuze

Geuze wrote: »

It is bad, yes.

But note that nobody, but nobody in Ireland pays 52% of their income in taxes.

52% is a marginal rate [MTR] on extra income.

If you were earning around 200k or more you would be and there are plenty of people in Ireland earning that much so it's not nobody.

joebloggs32

kjl wrote: »

What I earn is not relevant, I pay my taxes and what do I get for it? Nothing.

I've never needed anything from the government, I went to private school, I have private health insurance and the Guardi have never been more than an annoyance for me. Tell me how I am benefiting paying 52% of my salary.

The state paid the teachers wages in your private school. The fees you paid in college also only covered about 25% of the actual cost of your education.
If you do get sick and you are treated by Irish medical staff then like you they benefitted from subsidized tuition.
Also I hope like those poor people who died tragically in that fire over the weekend that the fire service would come to assist you in the event of a fire, and should your elderly parents be broken into that the Gardaí would catch the offender.

PS you don't pay 52% in tax.

Public_Enema

Boring username wrote: »

Rabble rabble 1% fat cats rabble water charges Mick Wallace rabble rabble Denis O Brien rabble rabble kill the rich.



Am I doing this right?

Well you certainly are spinning the pro-goverment/privileged little cliques bull**** quite well there.

How dear anybody express any kind of dissent or displeasure with the puppets in Government.

darkpagandeath

Reddit would not be the best place American attitude to tax is completely different. Lot's of uber capitalists and failed belief in the American dream. Europe is more socialist in some ways. Americans don't seem to realise the American dream is dead those that got it closed the door behind them. You need money to get a decent education for a start and hard work generally gets abused.

kjl

joebloggs32 wrote: »

The state paid the teachers wages in your private school. The fees you paid in college also only covered about 25% of the actual cost of your education.
If you do get sick and you are treated by Irish medical staff then like you they benefitted from subsidized tuition.
Also I hope like those poor people who died tragically in that fire over the weekend that the fire service would come to assist you in the event of a fire, and should your elderly parents be broken into that the Gardaí would catch the offender.

PS you don't pay 52% in tax.

I do on anything over 32k

Teachers in private schools don't get payed by the government, with all the extra cash I could save not paying taxes I could hire someone to be my personal fireman and my parents have been broken into and the Gardai did f^&k all except write a report for the insurance which they paid for.

I'll give you college fees, but that's about what 30k, they get that off me in 14 months of my income tax.

I would happily live without all those services for tax free income.

PopePalpatine

Alfonso Mammoth Wisecrack wrote: »

If you were earning around 200k or more you would be [paying 52% tax] and there are plenty of people in Ireland earning that much so it's not nobody.

Nope, they'd be paying 46% of their income in direct income taxes. But hey, don't stop engaging in tax-dodger apologetics.

joebloggs32

kjl wrote: »

I do on anything over 32k

Teachers in private schools don't get payed by the government, with all the extra cash I could save not paying taxes I could hire someone to be my personal fireman and my parents have been broken into and the Gardai did f^&k all except write a report for the insurance which they paid for.

I'll give you college fees, but that's about what 30k, they get that off me in 14 months of my income tax.

I would happily live without all those services for tax free income.

So you will have a round the clock fire service out of approx 25k p.a. It actually takes five people on rotating shifts to cover one post in a 24/7/365 service.
Good luck with that.
By the way, the state pays the vast majority of the wage bill in a private school. Private schools hire some extra staff and are able to provide extra resources on the back of the fees paid.

Cookie_Monster

ArmaniJeanss wrote: »

Presumably like any above board business they are paying to the taxman the ~20% VAT from all revenues that they are collecting from their sales regardless of profit/loss, and this figure dramatically dwarfs the tiny amount they are avoiding in corporation tax.
So its really not a big deal, no-one declares a profit if they can help it.

business don't pay VAT though, only the end consumer does. All business do is collect it and pay it over. If VAT in is more than VAT out balance goes to HMRC, if out is greater than in they get refunded.

ambro25

kjl wrote: »

I would happily live without all those services for tax free income.

Move to Somalia?

Geuze

kjl wrote: »

Teachers in private schools don't get payed by the government,

In fee-paying schools, teachers wages are paid by the State [with some exceptions]