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 form the government’s capability to punish companies’ efforts to shift revenues to low-tax nations.
The trial slated to begin in the week ahead caps a nine-year dispute over how Facebook structured its international operations. The Internal Revenue Service argues that more of the company’s revenues ought to have been taxed at greater rates in the U.S., instead of in the company’s Irish subsidiary …
%%.
source https://jobsearchtips.net/facebook-and-irs-prepare-for-9-billion-tax-court-battle/
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