Tag Archives: Bill

Facebook to Cut Tax Bill by Paying $1M Bonuses to U.K. Staffers

Facebook is to award bonuses of £280 million ($396 million) to its U.K.-based staff over the next three years in a bid to offset the amount of tax it has to pay to the U.K. Treasury. Each employee will receive an average of £775,000 ($1.1 million), which Facebook will list as a taxable expense. Each Facebook employee will… Read More »

China set to ban all foreign media from publishing online

Government directive: ‘Sino-foreign joint ventures, Sino-foreign cooperative ventures and foreign business units shall not engage in online publishing services’ China is set to ban foreign media companies from publishing any content online without the government’s approval from next month, it has been announced. A new directive issued by China’s Ministry of Industry and Information Technology has said that companies… Read More »