They are hiding money offshore to avoid paying taxes. Doesn't that by default make them part of the "1%"?
Accounts for Facebook Ireland Limited, through which most of Facebook's international business runs, show the company more than quadrupled its revenue to €1bn (£0.8bn) last year.
Despite the bump in revenue, however, the company actually recorded a loss for 2011 because it paid most of that revenue as royalties to another company based overseas.
The accounting technique, known as the 'Double Irish', allows companies to move profits abroad without having to pay tax on them because they are counted as a business expense. For the year Facebook Ireland paid €3.23m (£2.6m) in corporation tax.
However, the company vigorously defended its actions, which are completely legal.
"Facebook complies with all relevant corporate regulations including those related to filing company reports and taxation.
