Facebook is carrying on its fight with the US Internal Revenue Service over taxes relating to its transfer of global operations to Ireland in 2010. |||
San Francisco - Facebook is carrying on its fight with the US Internal Revenue Service over taxes relating to its transfer of global operations to Ireland in 2010 even as the social media giant pledged co-operation with the government’s investigation.
Facebook said that it could end up owing $3 billion to $5 billion in additional taxes as a result of action by the Internal Revenue Service in a long-running dispute related to how it transferred assets overseas.
As procrastinators scramble Monday to file their federal income taxes, some who reside in the well-off enclaves of Los Angeles or San Francisco may be bracing for an audit by the Internal Revenue Service.
Facebook is digging in over its fight with the Internal Revenue Service. The social network said this week that it faces a potential $5 billion tax bill after moving some of its assets to Ireland. The company’s tussle with tax aut...
Fortune, Why the IRS Is Suing Facebook Over Asset Transfers in Ireland: This is getting ugly fast. Facebook appears to have a major tax headache on its hands after the Internal Revenue Service sued the social network on Wednesday to...