Facebook’s Dublin HQ central to $5bn US tax probe

Facebook’s Dublin HQ central to $5bn US tax probe

The Internal Revenue Service said the social network was improperly withholding documents 'which relate to decisions made by Facebook to establish an overseas headquarters in Dublin' as part of a tax strategy

Facebook’s Dublin headquarters is in the spotlight over a major US tax probe that could cost it $5 billion, with the social media giant ordered to reveal documents relating to its Irish operations as part of a probe into its tax strategy by the US taxman.

US magistrate judge Laurel Beeler ordered that a selection of records the company has claimed are protected by attorney-client and tax-practitioner privilege be made available for inspection by the...

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