Facebook investigated over IP tax affairs

08-07-2016

Facebook investigated over IP tax affairs

Photo: ahmad faizal yahya / Shutterstock.com

Facebook has been targeted in a lawsuit in which the US government said the social networking site may have undervalued intellectual property rights that it transferred to an Ireland-based subsidiary, a move which cut its tax bill.


Facebook, US Department of Justice, US Internal Revenue Service, US District Court for the Northern District of California, tax, intellectual property

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