U.S. tax agency investigates Facebook's Ireland asset transfer

The U.S. Internal Revenue Service (IRS) said Facebook Inc <FB.O> may have understated the value of intellectual property it transferred to Ireland by "billions of dollars", unfairly cutting its tax bill in the process, according to court papers.

7 Jul 2016 ... The U.S. Internal Revenue Service (IRS) said Facebook Inc may have understated the value of intellectual property it transferred to Ireland by ...

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