Facebook to close Irish holding companies at centre of tax dispute

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Intellectual property to be repatriated to the US after IRS said it was owed $9bn in taxes

Facebook said in a statement that the Irish holding company “was wound up as part of a change that best aligns with our operating structure. In preparation for the unlimited company winding up, Facebook Ireland Holdings’ assets were distributed to its US parent company.

Source: News Formal (newsformal.com)

 

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