Facebook's UK Tax Bill Is About To Get A Lot Bigger
Facebook is about to pay millions more in taxes in the U.K. after scrutiny from regulators.By Ben Lawson | March 4, 2016
Facebook is about to pay millions more in taxes in the U.K.
Facebook came under heavy criticism over its tax practices in the U.K. after it was revealed that the company only paid a little more than the equivalent of $6,000 in taxes in 2014.
Now the BBC reports Facebook has done some restructuring and will no longer be routing sales from its largest advertisers through Ireland, which has a much lower corporation tax.