Administrative Expenses

  • U.K. Leaders Take Aim at Facebook’s Tax Bill

    …) in advertising sales in Europe, yet it paid just €2.3 million ($2.83 million) in tax, adding that the company channeled €2.9 billion ($3.56 billion) of its global revenues through Ireland, as well as paying out another €2.9 billion ($3.56 billion) in “administrative expenses,” most of which were royalty payments to the parent company. Hodge said…

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