Facebook Ireland pays €3.4m corporate tax on €4.8bn of sales

Facebook Ireland paid only €3.4m in corporate tax last year in spite of revenues rocketing by over €1.8bn to €4.83bn.

The Dublin-based firm, which serves as Facebook’s international head offices, accounted for 47% of Facebook’s global revenues of $12.46bn (€11.44bn) as the Irish unit’s revenues increased 62.5% over the 12 months.

However, in spite of the growing importance of Facebook Ireland Ltd to the social media giant’s world-wide operations, its corporate tax bill increased only €1.1m from €2.3m to €3.4m last year.