Is Facebook’s decision to pay more tax in the UK a victory for the government? | Tim Worstall argues NO in City AM

Senior fellow of the ASI, Tim Worstall, wrote a debate piece for City AM on whether or not Facebook's tax decision is a victory for the government’s diverted profits tax policy.

Facebook overhauls its tax structure but, no, this does not mean that George Osborne’s Google Tax has worked. Facebook is starting to sell to large UK advertising accounts using UK-based and paid salespeople. This constitutes a “permanent establishment” under the usual international tax laws and the profits from this activity will be taxable in 2017, when Facebook starts doing this.

Read the full article here.