New tax structure
Will it mean more tax in the UK?
Current tax structure
How UK ad revenue ends up in a tax haven
Ireland Ltd
Large advertisers
Small advertisers
Facebook UK Ltd
Ireland Holdings
Cayman Islands
Royalty
fees
$1.9bn
Facebook’s
offshore cash pile
Ireland Holdings
Cayman Islands
Ireland Ltd
UK advertisers
HMRC
HMRC
UK Ltd
Royalty
fees
Tax?
Tax
(£4,327 in 2014-15)
New royalty fees
Support
fees
Support fees
Advertising
sales revenue
Advertising
sales revenue
Advertising
sales revenue
New tax structure
Current tax structure
Will it mean more tax in the UK?
How UK ad revenue ends up in a tax haven
Ireland Holdings
Cayman Islands
Ireland Ltd
Large advertisers
Small advertisers
Facebook UK Ltd
$1.9bn
Facebook’s
offshore cash pile
Ireland Holdings
Cayman Islands
Ireland Ltd
UK advertisers
HMRC
HMRC
Facebook UK Ltd
Royalty fees
Royalty fees
Tax?
Tax (£4,327 in 2014-15)
New royalty fees
Support fees
Support fees
Advertising
sales revenue
Advertising sales revenue
Advertising sales revenue