For Bloomberg Tax from San Francisco–An IRS attorney pushed a former Facebook sales director in cross-examination during a high-profile tax trial to establish how much Dublin was in charge of Facebook Ireland’s growth.
The nature of Facebook Inc.’s Irish operation is at the center of the social network’s tax battle against the Internal Revenue Service. Facebook is challenging a tax bill that relates to the value of intangible assets, such as trademarks and technology, that the company transferred to Ireland in 2010. The IRS alleges the assets are worth billions more than what Facebook claimed.
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