Facebook may pay more UK tax in accounting change

New York

FACEBOOK has announced that it would change its relationship status with the British tax authorities amid growing anger across Europe about the US technology giants' aggressive accounting practices.

The company announced that it would soon alter how it paid tax in Britain, potentially leading to the company paying millions of dollars more on its operations in the country.

Google is facing its own issues over tax across the 28-member bloc, as French and Italian authorities investigate, while Apple, whose international operations are run from low-tax Ireland, is at the centre of an inquiry by the European Commission, the executive arm of the European Union, about whether it received a preferenti…