Facebook fails to show up for seventh tax summons from IRS
US tax officials probing 2010 rights transfer to Irish unit
Facebook officials failed to show up after getting seven summonses from the US's Internal Revenue Service demanding internal corporate records on one of its offshore tax strategies, according to a court filing.
US authorities are examining Facebook’s federal income tax liability for the period ending December 31, 2010 and are looking at whether the company understated the value of global rights for many of its intangible assets outside the US and Canada that ...
