UNITED KINGDOM, Oct 23 – Facebook paid no tax in the UK this year, which is probably a little bit less tax than you paid. It’s the second year in a row in which the social network has failed to pay any tax in the UK, and it’s because the company reported a pre tax loss in the UK of £11.6m. But don’t feel too sorry for Facebook just yet, their parent company in the US managed to profit $1.5billion last year, which is quite a lot of money.
So how did most people find out about Facebook’s latest high profile tax story? Well it trended on Facebook… of course. That awkward moment when Facebook paying no tax trends… on Facebook.