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.

Google chairman Eric Schmidt  toward the rate of tax paid to the UK treasury, despite MP's calling for the 'immoral' outstanding £6m to be accounted for by the Californian company.

Micro-blogging social network Twitter has released their list of the best marketing campaigns used on its platform over the last year, with mobile rebrand Everything Everywhere taking top spot as the most successful example of Twitter advertising.

Search giant Google has not followed the example of fellow multinational Starbucks, who last week pledged to overpay on their corporation tax, instead offering a defiant rebuttal of the claims of their accusers, with chairman Eric Schmidt determined the UK Treasury would not receive any more tax from his company.

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.

American coffee giant Starbucks, implicated by MPs in a report on tax-evasion along with Google and Amazon, has announced they are to review their "approach" towards UK taxation.

John Lewis managing director Andy Street is the first of British retailers to urge the government to investigate the problem of American multi-nationals paying such small amounts of tax to the U.K Treasury.

MPs put American multinationals Starbucks, Amazon and Google under scrutiny yesterday over suspected off-shore tax-avoidance schemes denounced as "immoral" during a three-hour investigation.

As NatWest's banking crisis moves into its third day, customers have (predictably) take to the medium of social media to vent their frustrations with what NatWest and RBS are describing as "technical issues".

Innocent, the food and drinks company behind Innocent Smoothies, have been named as the best brand on social media according to the 2012 Social Brands 100 list compiled by social agency Headstream.