Friday, 12 October 2012

News Story WEEK 3: Facebook Tax Avoidance

http://www.guardian.co.uk/technology/2012/oct/10/facebook-uk-taxes
  • Facebook HQ based in Ireland
  • Only pay taxes in Ireland
  • Don't pay UK taxes because they are registered in Ireland
I think this is wrong even though most big companies use this technique of having their headquaters abroad. Amazon for example is officially registered in Luxemborg because its tax percentage is lower than the UK even though it operates under a UK domain. I think there should be a law over whether companies can use tax avoidance techniques because this is not illegal although it is unethical.

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