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Push to ban Meta from using tax loophole

01/06/24
Sky News Australia
Dans Asie / Australie

Experts are calling for a social media tax loophole to be closed. Meta moves more than $1 billion a year in ad revenue from Australia to Ireland, making an estimated $262 million in tax benefits. It's prompted calls for the platform to pay taxes on profits earned in the country. There has been a call for Meta to use the savings from the tax dodge to increase online safety.

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