IRS sues Facebook for $9 billion in unpaid taxes

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According to Reuters, the US Internal Revenue Service (IRS) has fined social media giant Facebook in unpaid taxes. It claimed that Facebook underestimated the intellectual property it sold to the subsidiary, thereby evading billions in taxes. The IRS has filed the lawsuit in a San Francisco court. The filing statement by the revenue service was: […] The post IRS sues Facebook for $9 billion in unpaid taxes appeared first on 3nions.

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