Unused Facebook office discovered in AmsterdamFebruary 18, 2012 - 18:39 AMT PanARMENIAN.Net - It was discovered that Facebook owns an unused office in Amsterdam recently, with no employees and questions being raised over this. The news was first broken in Dutch, by De Pers, and then translated into English by Dutch News, Neowin reports. The Dutch Chamber of Commerce says that Facebook Netherlands BV is registered at Herengracht 282, which is a complex of temporary offices. The offices are owned by the Regus group, and Facebook holds one of them. Despite this, the company is not listed at reception and does not have a phone number. The company's official registration at the Chamber of Commerce claims that it would focus on selling advertising space, though has expanded into a financial holding company. The Dutch expansion, according to De Pers, corresponds with the company's fiscal strategy. The lack of workers supposedly could allow the company to avoid taxation, which would go against Zuckerberg's previous quotation that his goal was to change the world, rather than make money. The Netherlands is a popular location for 'letterbox companies', with over 20,000 existing in the country. Google also holds a base in The Netherlands, with no employees. The reason the country is popular for this is because it does not levy tax on royalties earned from overseas. Musical groups such as the Rolling Stones and U2 have previously made use of this part of Dutch legislation. Facebook Netherlands BV is owned by Delaware-based Facebook Global Holdings. According to the ActionAid charity, The Netherlands is second only to the state of Delaware as a tax haven for London-listed companies. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. |