You are here

Facebook to overhaul UK tax structure, will pay "millions of pounds" more: BBC

FacebookMagni040316.jpg
Facebook is to restructure the way it pays tax in Britain, meaning it will pay"millions of pounds" more to the Treasury, BBC TV reported on Friday.

[LONDON] Facebook is to restructure the way it pays tax in Britain, meaning it will pay"millions of pounds" more to the Treasury, BBC TV reported on Friday.

The BBC said that following criticism of its current tax arrangements, the global tech giant would pay tax on profits generated from advertising revenue initiated in Britain instead of routing sales through Ireland for its largest advertisers.

Facebook was not immediately available to comment.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom