Tax: Facebook closes three Irish holding companies

2020-12-28T14:34:59.259Z

Times, "move consistent with tax changes in various countries (ANSA) Facebook is closing down the three Irish holding companies where it benefited from a subsidized tax regime, avoiding paying heavier taxes in the US and in numerous other countries. The news, reported by the Times and the Guardian, was confirmed by Facebook in a note. The move, explained the Californian company, according to the Times, reflects "the recent and imminent changes in tax legislation" t