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October 11, 2019
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Media
Facebook paid just £28m tax after record £1.6bn earnings in UK
Profits on social media app surged by more than 50% to £97m in latest tax year
Facebook’s
UK
operations paid £28m in tax last year despite attracting a record £1.6bn in
British
sales.
The social media company’s latest UK accounts show that gross income from advertisers rose almost 30% last year to £1.65bn, and pretax profits surged by more than 50% from £63m to £97m.
Media
Raye Reveals She Co-Wrote ‘Riiverdance’ on Beyoncé’s ‘Cowboy Carter’: ‘What an Honour’
The "Escapism" singer shared the news on Instagram.
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