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Facebook may pay more UK tax in accounting change

Monday, March 7, 2016 - 05:50

As part of Facebook's new tax structure, the company says that it will report sales linked to its British operations, primarily from digital advertising, through its local subsidiary instead of booking its British revenues through its Irish unit.

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

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