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Facebook Australia pays more tax in 2020 despite profit and revenue decline

Facebook Australia pays more tax in 2020 despite profit and revenue decline
ZDNet
2 hrs ago
© Nataliya Vaitkevich
Facebook Australia has reported after-tax profit for 2020 financial year slipped down to AU$17.7 million from last year s AU$22.7 million.
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Revenue came in at AU$155 million, slightly lower than the reported AU$167 million for the 2019 financial year. Of that, approximately AU$153 million compromised of online advertising sales. The remaining revenue came from services, which amounted to just under $2 million.
Despite a reduction in revenue, the Australian arm of the social media giant had a higher income tax expense this year than the previous year. The company footed a AU$20.2 million tax bill, up from the AU$16.8 million tax expense last year, off the back of AU$6.1 million in tax on share-based payments and an adjustment of AU$2.7 million for prior years. ....

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Facebook removes 110,000 pieces of Covid misinformation posted by Australian users

Facebook removes 110,000 pieces of Covid misinformation posted by Australian users
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Crikey Weekender

This week marked the 106th anniversary of the landings at Gallipoli and the 25th anniversary of the Port Arthur massacre, with the memorial service for the latter covered beautifully by Charlie Lewis.
But while the occasions saw many gathering to remember lives lost, politicians took the moment to warn more conflict may be brewing a task Peter Dutton and Mike Pezzullo relished, as Kishor Napier-Ramen wrote. Bernard Keane and Guy Rundle also found that it was a convenient explanation for a big budget spend.
Meanwhile, I covered Andrew Laming and the old boys club’s predictable pivot to claiming victimhood, Napier-Ramen took a look at Assistant Attorney-General Amanda Stoker’s issue with anti racism, and Adam Schwab examined the flaws in JobKeeper. Lewis spent the week in Tasmania digging into today’s state election, Christopher Warren took a look at the Morrison government’s climate-change cover up, and ....

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Coffee boss pours out his heart in memo blast

Coffee boss pours out his heart in memo blast
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On Saturday morning, workers at national coffee distributor Coffex woke to an all-staff email with the subject line “Lump of Shit”.
It turned out to be a missive from managing director
Fong Loong, who had arrived in Melbourne from Perth on Wednesday last week after he was potentially exposed to COVID-19 by a fellow passenger on his Qantas flight. But Loong’s foul mood didn’t end there.
Credit:
“I was treated like a lump of shit yesterday by a few imbeciles at the Brunswick office just because I was on the QF778 from Perth on Wednesday … I will never forget that treatment until I die,” he fumed at staff. ....

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Coffee boss spills the beans on COVID-safe 'treatment'

Coffee boss spills the beans on COVID-safe âtreatmentâ
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On Saturday morning, staff inside the offices of national coffee distributor Coffex woke to an all-staff email with the subject line âLump of S â³â£.
It turned out to be a missive from managing director
Fong Loong. He had arrived in Melbourne from Perth last Wednesday and was potentially exposed to COVID-19 by a fellow passenger on his Qantas flight.
But Loongâs foul mood didnât end there.
Coffex supplies ground coffee and beans in Australia. ....

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