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Facebook UK pays just 5.1mn pounds in tax

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7 years ago

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London, Oct 4 (IANS) Despite a massive surge in revenue in its UK operations, Facebook paid only 5.1 million pounds in corporation tax last year, media reported on Wednesday.

According to The Guardian, Facebook UK revenues were up from 210.8 million pounds to 842.4 million pounds last year.

The profits were 58 million pounds — compared to 52 million pounds — in 2015.

“But its UK corporation tax only rose to 5.1 million pounds from 4.2 million pounds a year earlier, and once deductible expenses were applied, the company only paid 2.58 million pounds,” the report noted.

In April 2016, Facebook began booking more advertising income via its UK office instead of in Ireland, BBC reported.

Facebook and some other tech firms like Apple came under scrutiny last year for using the “Double Irish” method to drastically reduce tax burdens.

“Last April, we actively chose to reorganise our company structure to record revenues from our large UK sales customers in the UK,” a Facebook spokesperson was quoted as saying.

“We believed this would provide greater transparency on our operations in London and be easier for people to understand. These accounts reflect that change,” the spokesperson added.

–IANS
na/bg

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Apple is giving a huge discount on its gadgets: Details inside

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2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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