Facebook Inc (NASDAQ:FB), gained 0.07% at closed $104.02.
Facebook Inc (NASDAQ:FB), is a social networking company.
The Company is engaged in developing products that enables users to connect and share through mobile devices and personal computers.
According to news report, Facebook, Google Quizzed by EU Lawmakers on Dutch Sandwich Deals
Alphabet Inc (NASDAQ:GOOGL) and Facebook Inc (NASDAQ:FB) were among U.S. companies facing questions Monday from European Union lawmakers about their tax-reducing techniques, a month after regional antitrust regulators raised the stakes by ordering Starbucks Corp. and a Fiat Chrysler Automobiles NV unit to repay millions of euros in back taxes, according to Bloomberg
Share of Alphabet Inc (NASDAQ:GOOGL), inclined 1.40% at closed $750.42.
The queries about the “Dutch Sandwich” and the “Double Irish” tax arrangements that allow companies to declare income in lower-tax areas came as the European Commission weighs its next decisions on fiscal pacts Amazon.com Inc. arranged with Luxembourg and Apple Inc. with Ireland. Eleven companies, counting Amazon, faced questioning from the parliament’s special tax committee in Brussels.
Share of Apple Inc (NASDAQ:AAPL), higher 1.63% at closed $114.18.
“We make use of tax incentives and tax structures that are well known, widely accessible and are employed by virtually all multinational companies,” Google’s Nicklas Lundblad, senior director, public policy and government relations, told the parliamentary committee. Bloomberg added
Share of Amazon.com, Inc (NASDAQ:AMZN), gained 0.85% at closed $647.81.
Facebook, which has its European base in Ireland, also has operations in the Netherlands in the form of a commercial office, and a legal entity in Luxembourg, said Delphine Reyre, the company’s director of public policy, southern Europe.
“There is no ‘Dutch Sandwich’ in this,” she told the lawmakers. She said has “no preferential fiscal tax treatment” in Luxembourg. Bloomberg Report
Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Alphabet Inc., through its auxiliaries, builds technology products and provides services to organize the information.
Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and mid-sized businesses, education, and enterprise and government customers in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates through the North America, International, and Amazon Web Services (AWS) segments.
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