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Facebook To Ditch Tax-Reducing Uk Sales Structure


Ron Burgundy
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People walk in front of the Facebook logo at the new Facebook Innovation Hub during a preview media tour in BerlinInnovation Hub during a preview media tour in BerlinBy Tom Bergin and Michael Holden LONDON (Reuters) - Facebook said it would stop booking sales to UK clients via Ireland, a practice which reduced its taxes, following the British government's introduction of a new tax on profits shifted offshore. In future, Facebook will report its UK sales in Britain. "In light of changes to tax law in the UK, we felt this change would provide transparency to Facebook's operations in the UK," the company said in a statement.




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