04-03-2016 20:05 via uk.news.yahoo.com

MPs say Facebook may have broken tax rules

By Tom Bergin LONDON (Reuters) - Facebook said it would ditch a corporate structure that helps minimise its UK tax bill, prompting MPs and campaigners to ask whether the arrangement had ever complied with UK tax rules. Facebook said on Friday it would stop booking sales to major UK clients via an Irish subsidiary and in future report sales agreed by UK staff in Britain. "In light of changes to tax law in the UK, we felt this change would provide transparency to Facebook's operations in the UK,"
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