Facebook Tax Bill Over Ireland Move Could Cost $5 Billion

  • IRS issues notice for 2010 tax year over operations transfer
  • Facebook plans to challenge notice in federal tax court

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

Facebook Inc.’s future cash flows and results could suffer a major blow if it loses a battle over new U.S. tax liabilities related to the transfer of its global operations to Ireland in 2010.

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