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Fury as Facebook pays just £29m of UK tax despite record £1.7bn revenues

Fury as Facebook pays just £29m of UK tax despite record £1.7bn revenues

The Telegraph - By Hannah Boland

Facebook has been blasted by MPs and experts after it paid just £28.5m of tax in Britain last year - despite sales surging to £1.7bn. The social network, which is worth around $530bn (£420bn) and is thought to have more than 40 million UK users, has repeatedly come under fire from campaigners who …

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