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…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Technology
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think
Hollywood animation, VFX unions fight AI job cut threat