In a small room in the US Tax Court in San Francisco, a judge has begun to untangle how exactly Facebook has become the biggest social media network in the world. For the past few years, Facebook and the Internal Revenue Service have been fighting over the role played by the company’s international headquarters in Dublin, Ireland. While Facebook claims it was instrumental to the company’s success, the IRS claims it was used to shift profits overseas and lower the company’s overall tax bill. Read More...
In a small room in the US Tax Court in San Francisco, a judge has begun to untangle how exactly Facebook has become the biggest social media network in the world. For the past few years, Facebook and the Internal Revenue Service have been fighting over the role played by the company’s international headquarters in Dublin, Ireland. While Facebook claims it was instrumental to the company’s success, the IRS claims it was used to shift profits overseas and lower the company’s overall tax bill.
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