The US Tax Court’s long-anticipated ruling Thursday in Facebook’s big transfer-pricing battle with the IRS was a split decision—and not everyone agrees who came out ahead.
The court sided with the IRS on the method and regulations it used to determine the value of assets under a cost-sharing arrangement between Facebook parent company
It’s a “huge win for the IRS,” said Andrew Silverman, a tax policy analyst at Bloomberg Intelligence. The precedent “is the main ...
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