IRS sues Facebook for $9B for offshoring profits to Ireland

IRS sues Facebook for $9B for offshoring profits to Ireland

Internal Revenue Service brought a lawsuit against the world’s largest social media company, alleging that it owes more than $9 billion after shifting its profits to Ireland. The IRS argues that Facebook understated the value of the intellectual property it sold to an Irish subsidiary in 2010 while building out global operations.

Avi Khait
Avi Khait
Paris Cloud
Paris Cloud 1 months

I still hate the IRS. Wouldn't need it in the first place if we made our tax laws simple percentages and simple deductions for loss in any given year. No more tax brackets. No "loopholes" because the rules would be so simple there can't be loopholes.

JustMy.02
JustMy.02 1 months

So that’s what it takes to put a frown on Mark’s face🤔

Rhokanth
Rhokanth 1 months

Nice, I use facebook so I'll be sitting here waiting for my check. Seriously where does all this lawsuit money go?

Simon Iff
Simon Iff 1 months

Amazon's next I hope

4thHogage
4thHogage 1 months

good

Grand Ol Propaganda
Grand Ol Propaganda 1 months

But Spanky Draftdodger Bonespurs is still avoiding taxes...

Robert
Robert 1 months

"Oh nonono!"

Carol
Carol 1 months

What about the Trump's?!! Oh that's right, they get away with murder, while others pay!

Binx1
Binx1 1 months

what's with the IRS sues, where's that money go and who gets it?

anthony
anthony 1 months

I'm not surprised. Zuckerberg strikes me as a weasel.

Fin
Fin 1 months

Paup up twofacebook

Matrim Helmsgaard (Mrperrific)
Matrim Helmsgaard (Mrperrific) 1 months

Sounds about right, now do the same with Amazon and get that money back to where it belongs. The people of the US.

🌀W_AS
🌀W_AS 0 months

So what? The corruptor in chief says Facebook did nothing wrong. Until the US does something about the criminality in the Oval Office the government has no legal authority on anything anymore.

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