Facebook says it will book the revenues it earns from selling advertising to Kiwi companies in New Zealand in future.
The change is part of worldwide move by Facebook to restructure its accounting and appears a major victory for policy-makers concerned about the way Facebook and many other technology multinationals have structured their affairs to minimise tax.
Facebook is believed to earn tens of millions of dollars from New Zealand firms which buy advertising on its popular social media platform, but has previously invoiced them from Ireland, which has a company tax rate of 12.5 per cent and has allowed tax loopholes.
A Facebook spokeswoman confirmed Facebook New Zealand would book revenue from sales made to New Zealand advertisers.
from Ellie NZ Rss http://www.stuff.co.nz/business/industries/99884957/Facebook-to-book-NZ-advertising-sales-revenues-here-not-in-Ireland
from
https://ellieplume83.wordpress.com/2017/12/15/facebook-to-book-nz-advertising-sales-revenues-here-not-in-ireland/
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