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Facebook Facing Tax Hike In UK

  • BBC, Friday, March 4, 2016 2:23 PM
Following a major overhaul of its tax structure, the UK is reportedly ready to make Facebook pay millions more in taxes. “After heavy criticism that it was avoiding tax … profits from the majority of Facebook's advertising revenue initiated in Britain will now be taxed in the UK,” BBC News reports. “It will no longer route sales through Ireland for its largest advertisers.”

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