Facebook pay no Corporation Tax AGAIN
Discussion
CamMoreRon said:
As I've said before, I'm perfectly happy to be proved wrong when somebody takes the time to EXPLAIN why.
The wages thing has been covered multiple times.CamMoreRon said:
What I don't like is people like you who are incapable of taking that small step, and just rely on pettiness, petulance, and insults.
I think that you might like to re-read the thread and work out how is the one making the insults!CamMoreRon said:
I would hazard a guess at it being because you don't know what you're talking about, and just sit there hoping someone comes along who does.
Once again your wild guesses are woefully inaccurate.sidicks said:
CamMoreRon said:
I just don't trust people who earn that sort of money to be honest with it. When you read some of the rants from people earning large salaries about how they're sick of propping up the country / paying for the sick / supporting the needy etc etc.. it doesn't surprise me in the least when I learn that they're engaged in all sorts of tax abuse behaviours.
Finally we get to the truth - ignorance and jealousy about those that earn (much) more than you.Thanks for confirming what I previously suspected.
sidicks said:
CamMoreRon said:
I would hazard a guess at it being because you don't know what you're talking about, and just sit there hoping someone comes along who does.
Once again your wild guesses are woefully inaccurate.It will be difficult, when almost all of your posts are less than 10 words long. It probably wastes more of your time to sit there arguing with me than it would for you to write something constructive.
I think until I'm proved otherwise, the verdict is you don't know what you're talking about and therefore have no contribution to make.
Ok I will try a change of tact..
Sid, can you (and only you) take a few minutes of your time to explain in terms (that given your assumption of my comprehension / intellect) I will understand, exactly how Facebook has reduced their tax burden on sales estimated at £223 million down to zero?
You have a chance to convince me you are right, and that you know what you're talking about - a chance to prove my assumption of you wrong. If your construct your argument in a constructive manner and use objective information then I will have no choice but to listen to you.
Otherwise, we will just continue to argue for another 10 pages.
Please - nobody help him. I want to hear it from him, and only him.
(Waits)
Sid, can you (and only you) take a few minutes of your time to explain in terms (that given your assumption of my comprehension / intellect) I will understand, exactly how Facebook has reduced their tax burden on sales estimated at £223 million down to zero?
You have a chance to convince me you are right, and that you know what you're talking about - a chance to prove my assumption of you wrong. If your construct your argument in a constructive manner and use objective information then I will have no choice but to listen to you.
Otherwise, we will just continue to argue for another 10 pages.
Please - nobody help him. I want to hear it from him, and only him.
(Waits)
CamMoreRon said:
Mrr T said:
So are you suggesting Facebook are making up the salaries figures so as to avoid CT?
Have you heard of PAYE, P14, P35. I think the HMRC and the auditors would notice any discrepancy.
The salaries where exception high because of bonuses based on the recovery of the share price. All the salaries and bonuses would be subject to UK income tax and national insurance. So of the £49.8M about £30M would have gone directly to the UK Government to waste.
Ok fair enough, I'll concede on that particular point. However.. I doubt £30m of that made it to the government.Have you heard of PAYE, P14, P35. I think the HMRC and the auditors would notice any discrepancy.
The salaries where exception high because of bonuses based on the recovery of the share price. All the salaries and bonuses would be subject to UK income tax and national insurance. So of the £49.8M about £30M would have gone directly to the UK Government to waste.
CamMoreRon said:
However.. wages / shares paid to UK staff are the tip of the iceberg. There is still the more pertinent question over £223m of advertising sales in the UK disappearing in to thin air. (Or rather being siphoned off to Ireland) - Sales that were made in this country - profit that was generated in this country - profit that still existed after the UK "workforce" had been paid.
So UK companies buys advertising from an Irish Company. Are you suggesting when a UK Company buys from a Company outside the UK the Company outside the UK should pay UK tax?So say Nissan UK sells cars to France should France be able to tax the profit made by Nissan UK.
Back to square 1 I see.
Edited by Mrr T on Wednesday 29th October 12:38
TankRizzo said:
CamMoreRon said:
Hahaha paranoia.. thy name is.. Sid of the Dicks.
CamMoreRon said:
What I don't like is people like you who are incapable of taking that small step, and just rely on pettiness, petulance, and insults.
Anyway.. I'll be back later, hopefully he will have written something worth reading by then.
CamMoreRon said:
Do you really.. REALLY.. think that FB UK is paying their little sweat-shop of UK computer geeks 240 thousand pound a year EACH?
If you buy that, you're even stupider than I thought.
Can't wait to hear your next little bout of ignorance and denial.
If you buy that, you're even stupider than I thought.
Can't wait to hear your next little bout of ignorance and denial.
FB's global 7000 thousand employees median basic pay is $112,000. Throw in some management types and it would hardly be a surprise to learn those 'little sweat shop', 'computer geeks' in the UK average 120 quid basic would it? You just can't stand the thought of people earning so much can you? Your posts drip with envy. Pathetic.
fblm said:
FB's global 7000 thousand employees median basic pay is $112,000. Throw in some management types and it would hardly be a surprise to learn those 'little sweat shop', 'computer geeks' in the UK average 120 quid basic would it? You just can't stand the thought of people earning so much can you? Your posts drip with envy. Pathetic.
You can sit there and assume my dislike of people selfish enough to try and shirk their responsibility to society is born of jealousy, it doesn't bother me. I honestly couldn't care less what anyone with that attitude thinks. About anything. 
People can earn whatever.. that doesn't bother me. It only bothers me when people get selfish, and greedy, and start crying because the mean old government wants too many of their sweeties.
Still waiting for Sid's analysis. It's taking him a while.. so I assume it's going to be a good read.
CamMoreRon said:
You can sit there and assume my dislike of people selfish enough to try and shirk their responsibility to society is born of jealousy, it doesn't bother me. I honestly couldn't care less what anyone with that attitude thinks. About anything.
Why are high earners, who are paying marginal rates of tax in excess of 50% 'selfish' and what responsibilities are they shirking,CamMoreRon said:
People can earn whatever.. that doesn't bother me. It only bothers me when people get selfish, and greedy, and start crying because the mean old government wants too many of their sweeties.
I think the greedy ones are those that contribute little and constantly suggest that others who are already paying vast amounts should pay more and more...CamMoreRon said:
Still waiting for Sid's analysis. It's taking him a while.. so I assume it's going to be a good read.
You'll be waiting a long time. I tend not to waste my time helping people who insult me!Edited by sidicks on Wednesday 29th October 15:25
CamMoreRon said:
Do you really.. REALLY.. think that FB UK is paying their little sweat-shop of UK computer geeks 240 thousand pound a year EACH?
No they probably average half that, basic.CamMoreRon said:
You can sit there and assume my dislike of people selfish enough to try and shirk their responsibility to society is born of jealousy, it doesn't bother me.
Jesus you are muddled in the head! Do you now accept that facebook are probably not lying about their wage bill and that those 'computer geeks' are paid ten times what you make? Have you now changed tack and are attacking those 'computer geeks' as selfish and shirking their responsibility to society? Individually of course they probably pay 20 times more income tax than you. How many of FB's 'computer geeks' do you think are responsible for accounting and tax compliance? If indeed the employees do reap the benefits of corporate tax avoidance then do you now agree that CT is a tax on employees? These are rhetorical questions, or more accurately, I just don't care if you get it yet.And lastly if thats you in the video with the stupid facial hair and jean shorts, who the fvck are you to be calling anyone a geek?
fblm said:
CamMoreRon said:
You can sit there and assume my dislike of people selfish enough to try and shirk their responsibility to society is born of jealousy, it doesn't bother me.
Jesus you are muddled in the head! Do you now accept that facebook are probably not lying about their wage bill and that those 'computer geeks' are paid ten times what you make? Have you now changed tack and are attacking those 'computer geeks' as selfish and shirking their responsibility to society? Individually of course they probably pay 20 times more income tax than you. How many of FB's 'computer geeks' do you think are responsible for accounting and tax compliance? If indeed the employees do reap the benefits of corporate tax avoidance then do you now agree that CT is a tax on employees? These are rhetorical questions, or more accurately, I just don't care if you get it yet.And lastly if thats you in the video with the stupid facial hair and jean shorts, who the fvck are you to be calling anyone a geek?
The reason I brought up "computer geeks" was not to attack them, it was out of a doubt that those guys would have been given the lion's share of profits. If you have something to show what the average wage one of those guys was making then I will shut my mouth and take it back, but knowing several people on the working level of social media the pay certainly isn't £100k+.
I'm happy for anyone to call me a geek, although I would actually prefer the word nerd; but FYI jean shorts were quite fashionable amongst the younger generation this summer, as were facial hair and skinny jeans.
sidicks said:
You'll be waiting a long time. I tend not to waste my time helping people who insult me!
Translation: I have nothing constructive to add and / or do not know what I'm talking about.Mrr T said:
CamMoreRon said:
Mrr T said:
So are you suggesting Facebook are making up the salaries figures so as to avoid CT?
Have you heard of PAYE, P14, P35. I think the HMRC and the auditors would notice any discrepancy.
The salaries where exception high because of bonuses based on the recovery of the share price. All the salaries and bonuses would be subject to UK income tax and national insurance. So of the £49.8M about £30M would have gone directly to the UK Government to waste.
Ok fair enough, I'll concede on that particular point. However.. I doubt £30m of that made it to the government.Have you heard of PAYE, P14, P35. I think the HMRC and the auditors would notice any discrepancy.
The salaries where exception high because of bonuses based on the recovery of the share price. All the salaries and bonuses would be subject to UK income tax and national insurance. So of the £49.8M about £30M would have gone directly to the UK Government to waste.
Looking at the accounts (linked to from the OP) Enployee costs broke down as follows
Wages & Salaries £22m
Social Security £3.3m
Share based costs £15.5m
If you assume 45% paid on all the wages then that comes to £9.9m and then add the £3.3m of Social Security (Employer's NI) then that is £13.2m.
Impossible from the accounts to say what the tax treatment of the share awards was for the recipients but it doesn't look like it was deducted for CT purposes.
London424 said:
Well this is good news. 
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