Here's Why Facebook Might Owe $5 Billion to the IRS

Transcript

What's the tax notice over? So, in 2010, Facebook decided to move its global operations to Dublin, Ireland. Um, so that's everything that doesn't include the US and Canada. And when they valued the transfer, um, they asked EY et. Um, a few years later, the IRS has taken notice and said that the valuation was too low. It was off by a few billion dol... Read More