Did Facebook Skimp Out On Billions In Taxes?
The IRS is investigating assets Facebook moved to Ireland in 2010.By Lindsey Pulse | July 29, 2016
Facebook may have to pay an additional $3 billion to $5 billion in taxes.
The social networking site is under investigation by the IRS for how it transferred assets overseas.
The IRS issued a "statutory notice of deficiency" to the company on Wednesday in reference to assets transferred to Facebook's Ireland subsidiary in 2010.