Google LLC and Facebook, Inc. plan to start locally booking advertising revenue from Japanese operations that was previously posted in other countries with lower corporate tax rates, sources close to the matter said Monday.
The move is apparently in response to global pressure over the tax-saving measures of IT giants, with Google posting its Japanese operations' revenue in Singapore and Facebook transferring income to Ireland.
Amazon.com, Inc. has already stopped booking revenue from its Japanese businesses in the United States and begun declaring income locally, other sources said recently.