Britain Pays More to Advertise on FB Than it Receives in Taxes

Konono

Verified User
Facebook makes an annual $4 billion in profits, but has yet to release figures as to its U.K.-specific earnings. The new tax blow is all the more frustrating for the British government after data emerged recently to show that the Treasury pays more to Facebook for advertising placement than it receives in taxes from the Silicon Valley giant.

http://www.nbcnews.com/tech/tech-news/facebook-pay-1m-bonuses-u-k-staffers-cut-tax-bill-n533161

Why are they even advertising on FB?
 
I think the government should be run more like a business. Therefore, it should spend a third of its budget on propaganda promoting its image.
 
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