Facebook to shut down Irish holding companies amid disputes over tax payments in Europe - Business Insider

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Facebook to shut down Irish holding companies amid disputes over tax payments in Europe - Business Insider
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Facebook to shut down Irish holding companies amid disputes over tax payments in Europe

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The firm's Irish holding company brought in around $30 billion of revenue in 2018 – more than half of the firm's total annual turnover of $56 billion. In 2018, the social networking giant's Irish subsidiary paid just $101 million in tax, while recording profits of more than $15 billion.

 

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