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Majority of Facebook's Australian-derived revenue is booked overseas

Facebook has revealed that a majority of its revenue raised in Australia is booked overseas.

In response [PDF] to the Senate Standing Committee on Economics looking into corporate tax avoidance, the social network detailed its Australian tax details for fiscal years 2014 to 2016, and provided a glimpse of where it recognises global revenue.

From 2014 to 2016, Facebook increased its local Australian revenue from AU$ 26 million to AU$ 327 million, and at the same time, increased the amount of company tax it paid to the Australian Taxation Office (ATO) from AU$ 681,000 to A…
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