Facebook is set to pay millions of pounds more in tax in the UK after a major overhaul of its tax structure.
After heavy criticism that it was avoiding tax, the BBC can reveal that profits from the majority of Facebook's advertising revenue initiated in Britain will now be taxed in the UK.
It will no longer route sales through Ireland for its largest advertisers.
That includes major businesses such as Tesco, Sainsbury's, consumer goods firm Unilever and advertising giant WPP.
Smaller business sales where advertising is booked online - with little or no Facebook staff intervention - will still be routed through Ireland, which will remain the company's international headquarters. Full story...
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After heavy criticism that it was avoiding tax, the BBC can reveal that profits from the majority of Facebook's advertising revenue initiated in Britain will now be taxed in the UK.
It will no longer route sales through Ireland for its largest advertisers.
That includes major businesses such as Tesco, Sainsbury's, consumer goods firm Unilever and advertising giant WPP.
Smaller business sales where advertising is booked online - with little or no Facebook staff intervention - will still be routed through Ireland, which will remain the company's international headquarters. Full story...
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- Italy claims Google dodged $248 million in taxes...
- Don't buy gifts from tax-dodging Amazon, say UK MPs...
- Over 10% of US largest firms pay no tax...
- Irish Monsanto company pays no tax...
- Apple hides almost $1bn a week from US tax man...
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