Facebook Inc. and the Internal Revenue Service will square off in a U.S. Tax Court case that could cost the social-media giant more than $9 billion and shape the government’s ability to crack down on companies’ efforts to shift profits to low-tax countries.
The trial slated to start in the week ahead caps a nine-year dispute over how Facebook structured its international operations. The IRS argues that more of the company’s profits should have been taxed at higher rates in the U.S., rather than in the company’s Irish subsidiary....
Time to recharge batteries and drink some water.
« In its pretrial memo, the government quoted Chief Operating Officer Sheryl Sandberg as saying that Facebook had to call Ireland its international headquarters for “tax purposes.” »
Snooping around in people's private digital life CambridgeAnylitica and using offshore accounts. Smh at least make some fb ads on how to get plugged in into offshore accounts.
Facebook's Mark Zuckerberg is Trumper, IRS would deliberately lose the case. Donald Trump needs Zuckerberg to win 2020 elections. Facebook realDonaldTrump
. anything involving Fakebook would have to be very clearly proven it wasnt a staged lie The IRS has credibility issues going not too many years back as well (Obama-era)
Good one IRS
It’s about time.
never thought i'd root for the irs
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Source: Reuters - 🏆 2. / 97 Read more »