0
Broadband

Facebook changes tax structure to start billing ad sales locally

Tuesday 12 December 2017 | 16:54 CET | News
Facebook announced plans to change the way it sells advertising and to start booking revenues locally, where the sale takes place, rather than at its international headquarters in Ireland. The move follows pressure from several European governments for the social network to start paying local income and value-added taxes on the services it sells. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Facebook
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

ISS recommends Facebook shareholders withhold support for Zuckerberg at AGM

Published 17 May 2018 10:50 CET | World
The advisory firm Institutional Shareholder Services has recommended Facebook investors withhold support from five directors ...

Egyptian MP asks minister to look into taxing Facebook adverts

Published 16 Jan 2018 10:39 CET | Egypt
Egyptian Member of Parliament Badawi al-Nuweishi has asked ICT Minister Yasser El-Kady to set up organised controls for the ...

Facebook to pay tax to Korea on local ad revenue

Published 18 Dec 2017 07:16 CET | Korea, Republic of
Facebook has decided to start paying tax to South Korea on advertising revenue earned locally. The decision follows recent ...

Facebook warns for drop in margins on increased security costs

Published 01 Nov 2017 22:54 CET | World
Facebook has warned its profitability will suffer as it invests more in security on its platforms. However, its latest quarterly ...

Facebook UK operations pay GBP 5.1 million corporation tax

Published 05 Oct 2017 10:24 CET | United Kingdom
Facebook paid just GBP 5.1 million corporation tax on its UK operations in the year to 31 December, despite revenues almost ...

New EU tax rules for online giants to come in 2018 - Juncker

Published 02 Oct 2017 09:40 CET | Europe
The European Commission will propose new rules in 2018 to ensure that internet giants such as Google, Apple, Facebook and Amazon ...

Facebook to start paying VAT in Russia

Published 11 Apr 2017 11:05 CET | Russian Federation
Facebook has registered at the Russian state tax agency in order to pay VAT in Russia on its online revenues, reports Prime. In ...

Israel probes Google, Facebook tax status - report

Published 24 Mar 2017 13:09 CET | Israel
The Israel Tax Authority is assessing the activities of Facebook and Google in Israel, reports Globes citing unnamed sources. The ...

Indonesia urges Google to submit documents in tax probe

Published 11 Jan 2017 08:45 CET | Indonesia
Indonesian tax authorities have urged Google to provide supporting documents in an ongoing tax investigation, The Jakarta Post ...

Facebook owes IDR 2-3 tln in taxes in Indonesia - govt

Published 25 Nov 2016 09:47 CET | Indonesia
Indonesia targets Facebook in a government tax crackdown as it nears a settlement with Google. Facebook has over 88 million user ...

Facebook UK ends 2015 with GBP 11.3 mln tax credit

Published 09 Oct 2016 19:25 CET | United Kingdom
The UK subsidiary of Facebook ended 2015 with a tax credit of GBP 11.3 million to offset against future tax payments, reports The ...

Hungary proposes 'Google tax' on internet firms

Published 13 Sep 2016 09:41 CET | Hungary
Hungary proposed to levy a withholding tax on internet companies such as Google, Facebook and Amazon at an informal meeting of EU ...

Facebook may face USD 5 bln tax bill in US over Irish assets

Published 29 Jul 2016 09:05 CET | Ireland
Facebook announced that it received a 'notice of deficiency' from the IRS, the US tax authority, over its transfer pricing with ...

Facebook to bill UK customers directly, not from Ireland

Published 04 Mar 2016 14:05 CET | United Kingdom
Facebook has announced plans to start billing customers in the UK from its local subsidiary, rather than through Ireland, a move ...