Facebook saw its tax payments in the U.K. increase fourfold and its tax bill rise 22% after changing how it books revenue there. 'Facebook to Give Countries a Chance to Tax Its Profits from Local Ads,' at 1427 EST, incorrectly said Google's numbers had risen that much, in the last paragraph.

(END) Dow Jones Newswires

December 12, 2017 17:07 ET (22:07 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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