Facebook faces off with IRS in big-ticket tax case

SAN FRANCISCO --- A multi-billion-dollar dispute between Facebook and US tax authorities over profits shifted to an Irish subsidiary began playing out in front of a judge on Tuesday. The Internal Revenue Service (IRS) contends that Facebook dodged about $9 billion in taxes, while the leading social network says it is actually owed a refund, according to US media reports. "This trial is about transactions that took place in 2010 when Facebook had no mobile advertising revenue, its international business was nascent, and its digital advertising products were unproven," spokesperson Bertie Thomson said in an email response to an AFP inquiry. "We look forward to presenting our case in c...Keep on reading: Facebook faces off with IRS in big-ticket tax case

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