Ron Burgundy Posted October 10, 2016 Share Posted October 10, 2016 By Tom Bergin LONDON (Reuters) - Facebook said its main UK subsidiary generated an 11-million-pound tax credit in 2015 even as revenues soared, thanks to its tax efficient structure, accounts published on the weekend showed. Analysts say Facebook generates hundreds of millions of dollars in revenue from UK clients each year but until this year all transactions were booked in Ireland, minimizing the social media group's UK tax bill. Facebook UK Ltd is funded by affiliates such as the main Irish unit. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.