Facebook’s Irish arm says it is fully compliant with tax laws here

Facebook Ireland yesterday defended the amount of tax it paid last year stating that it is fully compliant with the Irish tax authorities.

Details published this week of 2012 accounts show that the firm last year paid corporation tax of €5.4m that included an Irish corporation tax charge of €1.95m as revenues soared by 70% to €1.78bn.

In spite of the surge in revenues, the firm recorded a pre-tax loss of €626,000.