Facebook to cease diversion of worldwide ad revenue via Dublin

Facebook to cease diversion of worldwide ad revenue via Dublin

Wehner said Facebook expects the change will be made in countries where it already has offices, but noted that each country is unique so it may take some time for new systems and invoicing protocols to be set up "to ensure a seamless transition to our new structure".

"In simple terms, this means that advertising revenue supported by our local teams will no longer be recorded by our global headquarters in Dublin, but will instead be recorded by our local company in that country", explained Wehner.

The move is a bid to provide more transparency for governments and lawmakers who have asked Facebook and other digital platforms for more visibility into the revenue associated with locally supported ad sales in those countries.

Real Madrid's Gareth Bale hails 'great' victor , slams VAR
But Cristiano Ronaldo equalized early in the second half and Bale netted the victor less than a minute after replacing Karim Benzema.

For years, Facebook has legally minimised taxes by funnelling non-US income to the Republic of Ireland, a jurisdiction with only 12.5 per cent corporation tax.

The UK government announced last month it would apply its "Google Tax" on internet companies' royalties made to subsidiaries in low-tax countries. Facebook started billing customers in the United Kingdom from its local subsidiary, rather than through Ireland, a move that resulted in an increased tax bill for the company in the UK.

The change in policy will start being implemented in 2018, with all the company's local offices to switch over to the new model by 2019.

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Fellow Liverpool star Sadio Mane came second in the vote, while Borussia Dortmund striker Pierre Emerick-Aubameyang was third. Salah, the current Premier League top scorer with 13 goals, has enjoyed a stellar year for both club and country.

"Our headquarters in Menlo Park, California, will continue to be our U.S. headquarters and our offices in Dublin will continue to be the site of our worldwide headquarters", he concluded.

Facebook paid just £5.1m in corporation tax in 2016, according to a Companies House filing.

Facebook has since come under pressure from the U.S. and Europe for its tax practices.

Amazon Echo, now available in Canda, India and 26 more countries
According to Bloomberg , the company has already signed up Warner Music Group and is in talks with Sony and Universal Music. YouTube has reached out to artists to seek their help in promoting the new service, one of the people said .

This means that the corporation tax on the profits from those ads will be paid in those countries, instead of, as is now the case, in the Republic.

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