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Meta's Tax Strategy Meets Costly Reality in Court
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Subscribe26 MAY 2025 / ACCOUNTING & TAXES
Meta (formerly Facebook) continues to dispute with the IRS over historical valuations of its intellectual property transferred to its Irish subsidiary in a cost-sharing arrangement back in 2010. The U.S. Tax Court ruled that although Facebook contested the IRS methodology used to assess the transfer was invalid, it wasn't, but the court did acknowledge that flawed inputs were used, leading to potential over-taxation; the case now returns to negotiations for tax recalculations.
Meta and the IRS are back at it in their years-long tax dispute — and the latest turn is as tangled and telling as ever. The latest U.S. Tax Court decision didn’t hand the IRS a full win, but Meta (formerly Facebook) still walks away licking its wounds on...
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