Facebook faces off with IRS in US$9 billion case
Facebook says it is owed a refund while the US Internal Revenue Service contends the company dodged US$9 billion in taxes. – EPA file pic, February 19, 2020.
A MULTI-BILLION dollar dispute between Facebook and US tax authorities over profits shifted to an Irish subsidiary began playing out in front of a judge today. The Internal Revenue Service contends that Facebook dodged about US$9 billion in taxes, while the leading social network says it is actually owed a refund, according to US media reports.
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