Facebook has overhauled its UK tax structure and is "set to pay millions of pounds more in tax in the UK" as a result, according to the BBC. Like Google, Facebook makes the majority of its revenues through the selling of ads, and also like Google, it is responding to increasing pressure to account for those sales in the proper jurisdiction where they are made and to pay tax accordingly.
The present change for Facebook is said to include only big advertisers — companies like Tesco, Sainsbury's, and Unilever — and will not affect smaller ad sales that are booked online. With respect to the big business deals, Facebook will treat them as UK sales and no longer channel them through Ireland, meaning it will pay a significantly larger tax...
Source: The Verge - Tech Posts http://ift.tt/21bbugW
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