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

Facebook'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. Bloomberg's Kartikay Mehrotran has more on "Bloomberg Markets." (Source: Bloomberg)

Full Show: Bloomberg Daybreak: Americas (08/10)
23:42 - Bloomberg Daybreak: Americas hosted by David Westin and Alix Steel. Guests include Putri Pascualy, managing director and credit strategist at Pacific Alternative Asset Management Co., Brigadier General Mark Kimmitt, U.S. Army (ret.), and Stephen Auth, chief investment officer for global equities at Federated Investors. (Source: Bloomberg)
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