The Register: Facebook stuck with IRS bill after court tosses $7 BEEELION appeal

The Register: Facebook stuck with IRS bill after court tosses $7 BEEELION appeal. “Facebook has lost its bid to throw out a tax bill on $7bn worth of income it had stashed overseas. A Northern District of California judge ruled in favor of the IRS this week, finding the Social Network did not have standing to challenge the tax bod’s finding that Facebook underreported its revenues via its Ireland-based subsidiary.”

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