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15 Jun, 2014

Facebook seeks nod to not disclose its A$60 million a year earnings in Australia – SMH

US tech giant Facebook has sought immunity from corporate rules in Australia requiring companies to disclose their earnings. It is also understood to be booking its local revenue in Ireland, amid growing concern over profit-shifting by international companies.

The company applied for an exemption from parts of the Corporations Act in 2009, according to documents registered with the Australian Securities and Investments Commission.

Read the rest: Facebook Australia’s $60 million a year business that it wants to keep hidden – Sydney Morning Herald.