Facebook comes under fire for alleged tax evasion in U.K.
The U.K. is accusing Facebook of dodging taxes in 2011. According to the Guardian, tax experts said that the tech company reported lower sales figures than estimated and explicitly set up its headquarters in Dublin, Ireland, to reap the benefits of lowered tax incentives for corporations.
“The U.K. is being taken for a ride,” Tax Research U.K. director Richard Murphy told the Guardian. “Facebook is taking standard practice for these IT companies to a new high, or low, depending on how you look at it.”
Facebook paid $313,345 to the U.K. Treasury in 2011, according to the Guardian. However,…
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