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Report: Facebook closed Irish subsidiary and moved billions in profits back to US following IRS suit; Irish subsidiary paid $101M in tax on $15B profit in 2018 (Andrew Davis/Bloomberg)
![Report: Facebook closed Irish subsidiary and moved billions in profits back to US following IRS suit; Irish subsidiary paid $101M in tax on $15B profit in 2018 (Andrew Davis/Bloomberg)](https://ournewsfortoday.com/wp-content/uploads/2020/12/Report-Facebook-closed-Irish-subsidiary-and-moved-billions-in-profits.jpg)
Andrew Davis / Bloomberg:
Report: Facebook closed Irish subsidiary and moved billions in profits back to US following IRS suit; Irish subsidiary paid $101M in tax on $15B profit in 2018 — Facebook Inc. has moved to wind down several Irish holding companies that had allowed it to shift billions of dollars in profit to the country …
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