Facebook takes fire from UK MP over ‘disingenuous’ accounting

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Just how much tax should Facebook pay in Europe? In 2011, the social network skated away with a tax bill of just €3.2 million (about $ 4.7 million) in Ireland despite garnering gross profits of $ 1.35 billion there — an effective rate of less than half a percent. UK Labour MP John Mann is calling the company’s actions “disingenuous” and “immoral,” as the continent-wide debate about how to tax multinationals continues to build steam. Earlier this year, Mann had similar words for Google, which he said should be brought before the country’s Treasury Select Committee “to justify their failure to pay proper taxes.” That company, along with Amazon and Starbucks faced questions from UK legislators last month about their tax practices.


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