Facebook paid a tax of 38.3 mil. euros from profit 251,8 mil. euros.
Last year, the American company Facebook paid a tax of € 38.3 million in profit of € 251.8 million in Ireland. This stems from social network accounting data published on Wednesday. Consequently, the so-called effective tax rate of the company for this period reached 15.5%.
Facebook has its international headquarters in Dublin, a data center in Clonee, and a virtual reality lab in Cork. The social network also said that more than 4,000 people would be employed directly and indirectly in Ireland as part of their activities by the end of this year.
Last year’s corporate tax in Ireland increased by 29%, compared to EUR 30.4 million in the previous year 2016. Ireland’s 2017 revenue increased by EUR 6.1 billion to EUR 18.7 billion.
Taking into account the cost of sales, administration and interest, the company posted a profit of EUR 251.8 million last year. This represents an increase of 44% compared to a profit of 174.3 million euros in 2016. According to the accounting data, the average annual salary of Facebook Ireland employees last year was 95,766 euros.
South Korea has successfully tested the space rocket engine
The KSLV-2 rocket will be the first space launch launcher. South Korea successfully tested a rocket engine on Wednesday, moving a step closer to developing its own space launch launcher.
They conducted the 75-ton engine test using a single-stage rocket that launched from a space center in Kohung.
The rocket engine, developed by the Korean Aerospace Research Institute (KARI), will be used for the three-tier rocket KSLV-2. It is still in the process of development.
KARI officials said the engine burned for 151 seconds, exceeding the original target of 140 seconds.
The rocket, after reaching a maximum sub-orbital altitude of 209 kilometers, flew about ten minutes. It fell into the ocean 429 kilometers southeast of South Korea’s popular tourist island of Jeju.
The KSLV-2 rocket will be the first space launch launcher that it has completely developed and produced in South Korea. It is used to place satellites in Earth’s orbit and for other commercial purposes. Its first start is expected in 2021, Jonhap said.