Good: Facebook's NZ trifling tax take

Subject: Good: Facebook's NZ trifling tax take Fri Jul 10, 2015 12:18 am

Facebook paid just $43,000 of tax in New Zealand last year, according to financial statements filed with the Companies Office.

Good: Facebook's NZ trifling tax take 1436501735181

Good: Facebook's NZ trifling tax take 1436501735181

The social media behemoth reported its New Zealand income rose 41 per cent to $1.2 million for the 2014 calendar year.

However, substantial expenses meant the company was able to claim a loss.

It paid $43,261 of tax, or about the same amount as a mid-range doctor or lawyer would.

Last year the Labour party threatened to shut Facebook down if it did not pay its fair share, but later softened its stance.

The global company has revenues of US$12 billion (NZ$17.8b) and a market capitalisation of US$240b.

Facebook has about 2.5 million users in New Zealand.

The figures appear to suggest each Kiwi only generates about 50 cents of revenue a year, far below the global average of US$7.24 per user.

http://www.stuff.co.nz/business/industries/70123183/facebooks-new-zealand-trifling-tax-take

Good: Facebook's NZ trifling tax take

Good: Facebook's NZ trifling tax take

Anarcho-Capitalist Non-Miscellaneous

Celebrate Evildoers' Inadvertent Contributions to AnCaps' Values!