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Facebook Fights IRS' $8B Irish Transfer Pricing Hike

By Jimmy Hoover (October 12, 2016, 4:44 PM EDT) -- Facebook mounted a challenge Tuesday to IRS transfer pricing adjustments that could put the social media giant on the hook for billions of dollars in future tax obligations, telling the U.S. Tax Court that license agreements handed to Facebook's Irish subsidiary were correctly reported as worth roughly $6 billion rather than nearly $14 billion....

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