That significantly boosted revenue and profits for its UK business.
From July 16, all persons arriving from the following third countries can enter Bulgaria without a 14-day quarantine and…57 Views | the publication reaches you by | Bulgarian Business Club
EU authorities are pursuing global technology companies over what they see as unfair avoidance of tax in the countries where they have most customers by routing business through lower tax jurisdictions.
In the UK, there was outrage after it transpired that, despite a fast-growing commercial presence in Britain, Facebook had paid just £4,327 in tax in 2014.
In 2015, the government introduced a “diverted profits” tax, a higher rate of corporation tax aimed at companies that use “contrived” structures to move profits out of the country.
Facebook paid a significantly higher tax bill in 2015 and, since then, has changed the way it books its revenues for the UK.
In 2019, 35.5% of Bulgarians could not afford a one week annual holiday away from home, indicate Eurostat data. Compared to…31 Views | the publication reaches you by | Bulgarian Business Club
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