>Facebook could be liable to pay between $3 to $5bn in extra US tax after an extensive investigation by the US Internal Revenue Service (IRS) into the way the tech company transferred assets to Ireland.
>The tax agency has been exploring whether Facebook deliberately deployed complex financial processes designed to minimize the amount of US tax it paid.
>The IRS began investigating Facebook in 2013 over assets it had transferred in 2010 to its base in Dublin. Ireland is known for its corporation-friendly tax structures; it has a corporate tax rate of 12.5%, compared to the US rate of 35% and 21% in the UK. theguardian.com/technology/2016/jul/29/facebook-us-tax-investigation-irs-ireland
>The tax agency has been exploring whether Facebook deliberately deployed complex financial processes designed to minimize the amount of US tax it paid.
You know, that is one of the questions that didn't even need to be asked.
Ethan Collins
Facebook is too valuable, the governments love spreading propaganda and having everybody's information without doing any investigations at their fingertips
Facebook will be fine
Parker Ward
dat ass
Gavin Baker
How it's actually going to work:
>IRS finds Facebook hasn't paid shit, owes billions. >Proves it >Makes a big stink about it publicly. >Quietly accepts a ~$10M dollar payment. >Closes up the case. That's how this happens, every fucking time. Our government has never, nor will it ever, bare its fangs against these kinds of faggots.
They'll get off for pennies on the dollar and go right back to doing the same exact thing.
Carson Ward
>>The tax agency has been exploring whether Facebook deliberately deployed complex financial processes designed to minimize the amount of US tax it paid. Since when does tax avoidance by this means constitute tax evasion?
>Ireland is known for its corporation-friendly tax structures; it has a corporate tax rate of 12.5%, compared to the US rate of 35% and 21% in the UK. There are plenty of countries with corporate tax rates below 12.5%. Why not transfer assets there?
Jaxon Clark
>Since when does tax avoidance by this means constitute tax evasion? Since FACTA was passed.
Nolan Ward
Because potato niggers had giant loopholes m8. They grossly understate how friendly the tax structure is.
>the coo of facebook endorsed hillary >they literally don't even pay taxes
top kek
Andrew Williams
fuck taxes
Matthew Wood
As long as they are following the law, literally nothing wrong with it. It's the IRS's own fucking fault for having loopholes, and every corporation has a duty to minimize their payments to the government as much as possible.
Joseph Bennett
Mate, literally nobody in history got away from the IRS. It's not a meme when people say if the IRS is after you you're done.
Hell if you'd really want Hilary gone, forget the FBI, you should put the IRS after her, see what happen...
Justin Mitchell
>zuckberg goes to China >takes everything with him >China give it back >no
Angel Nelson
Why? This way they can get a few extra billion shekels or seize it and run it themselves
Christian Ramirez
The IRS is headed by Obama appointees who protect their political friends.
By the way, this means the group being investigated for deleting tons of emails that could have implicated them also happens to be the groups investigating the Clinton Foundation.
Carter Brown
But there are countries with zero corporate tax.
Levi Turner
Kikeberg von Coinblatt avoiding tax?
Color me surprised
Jose Kelly
>the state is going to seize a social media platform
