Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Facebook shuts Irish subsidiary over tax disputes

December 30, 2020 Reprints

Facebook Inc. has decided to shut down its Irish subsidiary following tax payment disputes in the European Union, Business Insider reported citing newspaper The Times’ reports. The subsidiary, Facebook International Holdings I Unlimited Co., paid only $101 million in tax in 2018 despite reporting more than $15 billion in profits and about $30 billion in revenue.

Help

Facebook shuts Irish subsidiary over tax disputes

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources