Facebook has announced it will book major UK sales in the UK, rather than Ireland – and thus pay much more UK corporation tax (than the £4,327.00 it paid in 2014!)
This looks like the first major scalp (we can hardly count Google) of Osborne’s new Profits Diversion Tax, which as a deterrent seems to be forcing a re-think from corporates. As the BBC asks, is the tax tide beginning to turn?
Taxwatch 