Facebook Inc FB 0.54% is the latest big-name tech company to answer questions regarding its tax bill. This week, the U.S. Justice Department filed a petition to force Facebook to comply with an investigation into property the company transferred to an Ireland subsidiary for tax purposes back in 2010.
The legal filing states that the IRS believes Facebook accounting firm Ernst & Young may have “understated” the value of the property by “billions of dollars,” according to CNN Money.
Facebook isn’t the only big U.S. tech company whose tax practices have been questioned by regulators.
Alphabet Inc GOOG 1.34% GOOGL 1.31% was investigated back in 2011 regarding tax issues in Spain. Earlier this year, Italian officials claimed that Google owed them €300 million in back taxes. The French government also says that it will not negotiate with Google and expects the full amount of back taxes it feels the company owes.
In addition to Google’s European tax woes, Microsoft Corporation MSFT 0.55% found…
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