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13 December 2017, 06:10 | Melanie Burgess
Moving to a Local Selling Model | Facebook Newsroom
The European Commission is looking for ways to collect more tax from tech companies, which pay less than half the taxes of brick-and-mortar businesses, according to a report published by the commission in September.
Facebook has said it will no longer send advertising revenue through Ireland, and instead pay taxes in the countries where profits are earned.
The company is expected to start paying tax on its local operations across roughly 30 jurisdictions outside the United States.
In what will be seen as an attempt to get ahead of the political agenda, Facebook will next month begin the process of restructuring its global operations into a system of "local selling structures".
In future, revenues from all larger advertisers in these locations will be recorded, and the taxes paid, where the ads were sold instead of in Ireland.
Facebook says they will roll out the new tax structure through 2018 with the completion date to be mid-2019.
This moves comes after significant pressure and scrutiny from the U.S. and Europe for its tax practices.
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The social media company stressed that its worldwide headquarters will remain in Dublin.
"We believe that moving to a local selling structure will provide more transparency to governments and policymakers around the world", David Wehner, Facebook's chief financial officer, said in a blog post Tuesday.
The company is expected to start paying tax on its local operations across roughly 30 jurisdictions outside the United States including France, Germany and eight other European Union countries where Facebook has local offices.
He described the move as a "large undertaking" that will require significant resources to implement around the world.
Facebook Inc. announced a major change today to the way it reports advertising revenue outside of the US, claiming that it wants to be more transparent with local governments and businesses.
The change will apply to countries where the social network has dedicated offices.
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