Interesting Fact - Money
The UK government paid social media giant Facebook 113 times more in taxpayers’ money for advertising than Facebook paid in corporation tax in the UK.
(Government departments spent £489,329 in the 2014-15 fiscal year for advertising on Facebook, who only coughed up £4,327 in corporation tax.
They only had to pay such a tiny amount because they recorded a £28.5million loss in the UK, but at the same time they handed staff £35million in share bonuses.
Increasingly it seems that the job of governments is to be cleverer than corporations, but I want to know the answer to one question, "What on earth were they advertising?")
(Government departments spent £489,329 in the 2014-15 fiscal year for advertising on Facebook, who only coughed up £4,327 in corporation tax.
They only had to pay such a tiny amount because they recorded a £28.5million loss in the UK, but at the same time they handed staff £35million in share bonuses.
Increasingly it seems that the job of governments is to be cleverer than corporations, but I want to know the answer to one question, "What on earth were they advertising?")
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