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Facebook confirmed Wednesday it was closing its Irish subsidiaries at the centre of a dispute on profit shifting to avoid taxes in the United States.
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company owed billions in taxes by improperly shifting profits offshore. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.) <span>Facebook confirmed Wednesday it was closing its Irish subsidiaries at the centre of a dispute on profit shifting to avoid taxes in the United States. The California tech giant acknowledged the winding down of Facebook Ireland Holdings Unlimited Company amid a dispute with US tax authorities, which claimed the company owed billions in


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