Facebook halves Irish tax bill to just €2.3m in 2013

The corporate tax bill for the Irish arm of Facebook more than halved to just €2.3m last year in spite of revenues rocketing to €3bn.

New accounts filed by Facebook Ireland Ltd show that the size of the firm’s business last year increased by 66% from €1.789bn to €2.977bn.

The revenues recorded at the Irish unit represented 47% of the social networking giant’s global revenues of $7.8bn (€6.34bn) in 2013.