The I.R.S. is deploying new legal tactics in its court battle with Meta and, if successful, could signal a major shift in how the agency targets tax dodges used by big companies, Jesse Drucker of The New York Times reports. I.R.S. auditors have been pursuing Meta for a decade, arguing the company lowballed the price of trademarks, customer agreements, licenses, and more. Now, the new argument is based on Meta’s overseas profits, stating the company failed to report $54B in income and owes nearly $16B in back taxes and penalties.
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