Scroll.in: At the centre of the US government and Facebook’s tax dispute is the company’s Dublin office

If the IRS prevails in court, it could cost Facebook up to $9 billion more in taxes, based on estimates in the company’s securities filings. It would be a notable defeat for a company that, when it comes to risky tax avoidance, has been more aggressive “than almost any other US corporation,” said Matt Gardner, a senior fellow at the nonprofit Institute on Taxation and Economic Policy. According to Facebook’s public filings, from 2010 through 2017 – when the US corporate tax rate was 35% – the company paid a total of $3.9 billion in taxes on $50 billion of pre-tax income, a rate of about 8%. Read more

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