Facebook’s Tax Trial Over Irish Assets Wraps in San Francisco (1)

Facebook and the IRS finished up the first four weeks of their U.S. Tax Court trial in San Francisco today, which will move to Washington, D.C. in June.

The second half of the trial in Washington will mostly focus on testimony from “experts” such as economists, professors, and specialists in other areas, like technology. The second half will be more technical, focusing on the numbers behind Facebook’s valuation and the intangible assets it transferred to Ireland in 2010, among others. That information holds the key to the central question in the case: Whether Facebook knew it would be successful, and ...