Wednesday, 21 January 2015

NDM 29

Facebook claims it is a cash cow for EU governments

Facebook will today publish a report – seen by EurActiv – claiming that its social network generated €195 billion and enabled 4,540,000 jobs throughout the world last year. Europe accounted for almost one quarter of the total global economic impact, the report said, with €44 billion and 783,000 jobs during 2014 ascribed to Facebook's economic impact within the 28-member state bloc.
The US saw the greatest macro-economic effects from Facebook, it claimed, with €86 billion and 1,076,000 jobs. The US outstrips the EU in its use of Facebook as a marketing platform, but the EU exceeds the US in its app economy, the report found.
Within the EU, the UK benefits the most from the impact of Facebook, according to the report, since 154,000 jobs during 2014 were enabled by the social media giant, roughly double the number in the closest EU states Germany (84,000 jobs), France (78,000 jobs) and Italy (70,000 jobs).
It seems that Facebook are using these stats to make it seem like, they are not at fault for evading or avoiding their taxes. This is because there has been alot of global companies have been condemned for not paying taxes including Starbucks and Google. 

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