Facebook to pay more UK Corporation Tax

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?

http://www.bbc.co.uk/news/business-35724308

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