The US tax authorities are getting a big payday!
Facebook has shut its Irish subsidiary that was at the centre of the tax dispute. The subsidiary paid $101m (£75m) in tax while recording profits of more than $15bn in 2018. https://t.co/9ySm8wrHan pic.twitter.com/ChkfyR69FI

— Subrahmanyam KVJ (@SuB8u) December 28, 2020

"[Facebook]’s main Irish subsidiary paid just $101m (£75m) in tax while recording profits of more than $15bn in 2018"

The IRS now claims they owe $9bn.

via @JuliaKollewe https://t.co/P4s5Eh8Dul

— Jack Poulson (@_jack_poulson) December 27, 2020

Very very strange. No one has done this and the tax burden would be incredible of such a move.

— Marc Cote (@cnada) December 26, 2020

Facebook moves to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country, where it was lightly taxed, the Times of London reports https://t.co/jPNOjzvzZS

— Bloomberg (@business) December 26, 2020

“Facebook is winding up Irish holding companies it has used to channel billions of profits to avoid paying taxes in the US, the UK and hundreds of other countries.” What a rotten little country we are, thanks to FG, FF, Greens and Labour. https://t.co/GR0NyzGcbx

— Jon Wallis (@Astraea1974) December 27, 2020

Less tax dodging in Ireland.https://t.co/t5z9z7qron

— Revolution ? (@Revolution_IRL) December 27, 2020

Facebook to close Irish holding companies at centre of tax dispute. Intellectual property to be repatriated to the US after tax authorities claimed it owed $9bn. https://t.co/36fF5sq5Qd

— D.K.R. Boyd (@ReflectingMan) December 27, 2020

“The move to wind down the units started after the IRS took Facebook to court, saying Facebook was shifting funds through Ireland to avoid U.S. taxes. Facebook also moved billions of euros in profits back to the U.S. from Ireland.” https://t.co/GpiO4ZZTCr

— blmohr (@blmohr) December 26, 2020

But I thought they were here for our well-educated workforce! https://t.co/HmDLiZ65zc

— Dave Donnelly (@YeSecondPost) December 27, 2020

It's almost as if this shitty deal bought us no loyalty whatsoever.

— Orson Madfellow (@theactualcathal) December 26, 2020

All these business that made the ROI so lucrative. Was it because they seen ROI as potential OR ( as we can all now see ) was it a tax dodge?
If more follow the ROI could be in for a bumpy ridehttps://t.co/nHKOFufHYO

— forgotten ppl (@prodlegacy) December 28, 2020

驚き。FDIIも影響しているのだろうか？＞Facebook to close Irish holding companies at centre of tax dispute https://t.co/vmMHJ47mFe "Intellectual property licenses related to our international operations have been repatriated back to the US"

— Masao Yoshimura (@masayoshimu) December 28, 2020

Facebook to close Irish holding companies at centre of tax dispute https://t.co/OJYRmLR1Gf

— The Real Facebook Oversight Board (@FBoversight) December 27, 2020

Less tax dodging in Ireland.https://t.co/t5z9z7qron

— Revolution ? (@Revolution_IRL) December 27, 2020

In 2018, the most recent year for which accounts are available, Facebook’s main Irish holding company paid just $101 million (€83 million) in tax on profits of more than $15 billion.https://t.co/inQVyGqPpO

— CllrBSilvester #TrumpWon #Scamdemic #EndLockdown ❌ (@CllrBSilvester) December 26, 2020

Facebook moves key assets out of Irelandhttps://t.co/xSyD96fcrm

— Mark Tighe (@marktigheST) December 26, 2020

Facebook to close Irish holding companies at centre of tax dispute https://t.co/mEfSH1yhFr

— Aidan Regan (@Aidan_Regan) December 28, 2020

Ireland's low-tax-regime strategy has not paid off, it seems..."Facebook to close Irish holding companies at centre of tax dispute." https://t.co/AwLkdQ3iZe

— Diane Marie (@DianeMariePosts) December 29, 2020

Facebook to close Irish holding companies at centre of tax dispute https://t.co/4zhagmPzbQ

— Nana Ama Sarfo (@nanaama_sarfo) December 28, 2020

Facebook to close Irish holding companies at centre of tax dispute.
Intellectual property to be repatriated to the US after IRS said it was owed $9bn in taxes.https://t.co/MFtUzecjL8 pic.twitter.com/6THy3YeekX

— Antonio Vieira Santos #AXSChat #SDGs (@AkwyZ) December 27, 2020

The double Irish ends at the end of 2020 https://t.co/FIY7pcWe6N

— Justin Cormack (@justincormack) December 28, 2020