That significantly boosted revenue and profits for its UK business.
Bulgaria Air starts operating 10 new regular passenger flights to some of the most attractive cities in Europe and…10 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.
The Bulgarian economy shrunk by 4.6 percent last year, and in 2021 the country expects a recovery and…15 Views | the publication reaches you by | Bulgarian Business Club
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