Digital economy
Facebook shakes up tax structure
Facebook and other technology companies face accusations of avoiding tax through complicated planning.
Facebook has become one of the first large technology companies to shake up its tax structure and book less of its revenue in Ireland, as multinationals come under pressure to pay tax in the countries where they operate.
The world’s largest social network said next year it will move towards a local selling structure. Advertisements sold will be booked as revenue in 25 countries across the world rather than at its international headquarters in Ireland.
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