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| Facebook is accused of tax evasion that exceeds $ 9 billion |
Facebook is facing lawsuits from the U.S. Internal Revenue Service, which claims the social network owes $ 9 billion in unpaid taxes. The crux of the matter in 2010 was between Facebook and its Irish subsidiary, which is used internationally. General Deal.
The US Tax Agency is trying to persuade the judge that the world's largest social media company owes more than $ 9 billion because of its decision to transfer its profits to Ireland. Tax measures are expected to start in San Francisco court on Tuesday.
The IRS states that Facebook has underestimated the importance of the intellectual property sold to its subsidiaries in the process of building its global business, which is common among US multinationals, and thus may evade taxes.
Irish corporate tax rates are lower than in the United States, and therefore the movement cuts corporate tax models, and many tech giants protect billions of dollars of tax revenue by leaving tax dollars behind. In Ireland.
This usually involves setting up an Irish branch to license technology, brands and other commercial goods, which are then paid by the subsidiary.
According to a court report, the Irish company Facebook paid more than $ 14 billion to Facebook in the United States between 2010 and 2016, claiming that the undervaluation reflects the risks associated with Facebook's international expansion in 2010. Advertising The most profitable digital before the general transition and product development.
Facebook assumes that the process will take three to four weeks. Executives may be involved in the process, including augmented reality and virtual reality chief (Andrew Bosworth), chief technology officer (Mike Shropfer) and three managers. Other executives.
Facebook is the second largest online advertising provider worldwide after Google. The number of social media users grew monthly by 8% to 2.5 billion in the fourth quarter, while 2.9 billion people used Facebook and WhatsApp. Month, instagram or messenger.
Some government agencies have taken action against this practice in recent years. After the European Union decided that Apple had acquired illegal tax benefits from the country, it asked Apple to pay taxes of $ 15.4 billion to Ireland in 2016 and Apple in 2010. Pay these taxes to Ireland. Year 2018.