Alongside fellow U.S conglomerates Amazon and Google, the world's leading social networking site Facebook has now been revealed to have have paid zero corporation tax in Britain for 2012, according to their latest accounts.

American coffee chain Starbucks, implicated in the recent corporation tax scandal, have bowed to public pressure and announced that they will pay £10m in tax over the next two years - the first of the U.S multi-nationals to make a public climbdown.