In November 2020, The Currency was first to reveal that Facebook had pulled the trigger on the liquidation of its decade-old, multi-billion-dollar double Irish tax structure. As illustrated in the map below, three companies registered in Ireland but resident in the Cayman Islands faced the axe, weeks before a deadline to stop exploiting such structures to shift profits to jurisdictions where little or no corporation tax applied. Click to enlarge picture Cayman-based liquidator Kris Beighton of KPMG was appointed to wind up Facebook International Holdings I Unltd, its subsidiary, Facebook International Holdings II Unltd and its own subsidiary, Facebook Ireland…

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