FFF = Facebook facing fines Billions for IRS; lawsuits galore

July 31, 2016JNN_Banner_moneyFinal

 

USA Today Business said the IRS is investigating Facebook for the time between 2008 through 2013 which might result in a tax bill between $3 billion and $5 billion. Internal Revenue Service filed on Thursday against the social media mogul.

Facebook said, “if the IRS prevails in the assessment of additional tax due based on its position, the assessed tax, interest and penalties, if any, could have a material adverse impact on our financial position, results of operations or cash flows.”

An Israeli soldier inspects the damage at an house that was hit by a rocket fired by militants from the Gaza Strip, on July 22, 2014, in the Israeli town of Yahud, some 15 kms east of Tel-Aviv, near Ben Gurion International airport. The UN chief and Washington's top diplomat were holding a flurry of meetings in Cairo to push for an end to violence in Gaza that has killed more than 590 Palestinians. AFP PHOTO/GIL COHEN-MAGEN        (Photo credit should read GIL COHEN MAGEN/AFP/Getty Images)
An Israeli soldier inspects the damage at an house that was hit by a rocket fired by militants from the Gaza Strip, on July 22, 2014, in the Israeli town of Yahud, some 15 kms east of Tel-Aviv, near Ben Gurion International airport. The UN chief and Washington’s top diplomat were holding a flurry of meetings in Cairo to push for an end to violence in Gaza that has killed more than 590 Palestinians. AFP PHOTO/GIL COHEN-MAGEN (Photo credit should read GIL COHEN MAGEN/AFP/Getty Images)
SHARE
mm
I believe this country needs justice for all and not justice for most of us. Some are abusing their power and if we don't stop that, it will only get worse.

1 COMMENT

Comments are closed.