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IRS Is Suing Facebook Over Ireland Asset Transfer



RasherHash

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YouKnowWhatIMeanLike

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Good.

It would be nice to think an irish government would do the same but it probably wouldn't have the balls.
The IRS may agree to settle facebook's tax debt for less than the amount facebook owes if facebook qualifies for its offer in compromise program...
 

Lumpy Talbot

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No
Can you imagine what an 'offer in compromise' would look like in the Irish governance system.

'Coupla million in the party coffers and the job is oxo'. With only one million actually arriving in the party's bank account and two national handlers buying new houses shortly thereafter.
 

YouKnowWhatIMeanLike

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Can you imagine what an 'offer in compromise' would look like in the Irish governance system.

'Coupla million in the party coffers and the job is oxo'. With only one million actually arriving in the party's bank account and two national handlers buying new houses shortly thereafter.
Lookit E&Y valuations of the transferred intangibles to Facebook Ireland Holdings were understated by billions of dollars. If E&Y can't value assets correctly they are the perfect fit for the job.

http://www.reuters.com/article/us-facebook-tax-idUSKCN0ZN1IU
 

sic transit

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Good.

It would be nice to think an irish government would do the same but it probably wouldn't have the balls.
It's Revenue that would and they do have the balls and the tools, when required.
 

sic transit

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Not versus Facebook and the US embassy they don't.
Facebook Ireland or whatever it's called on its own, if required, yes, but no idea what they'd be doing with US embassy under any circumstances. I do get the impression that with some of the very big boys there are regular negotiated payments so that would make their need to do so moot.
 

Lumpy Talbot

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No
Facebook Ireland or whatever it's called on its own, if required, yes, but no idea what they'd be doing with US embassy under any circumstances. I do get the impression that with some of the very big boys there are regular negotiated payments so that would make their need to do so moot.
Facebook Ireland is a subsidiary of Facebook Inc. If they have been coining it by routing transactions through the Irish subsidiary and the Irish tax authorities started making noise there would be a phone call to the US embassy who would then phone Noonan and Enda to ask why they were risking jobs.

End of issue.
 

robut

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The Irish taxpayer via Noonan AND REVENUE has already spent €670,000 to fight Europe in Apple case so that Apple dont have to pay the Irish taxpayer in the first place ..

State has spent €670,000 to fight Europe in Apple case

In a written Dáil reply to Deputy Richard Boyd Barrett (People Before Profit), Minister Noonan confirmed that as the case "involves a significant degree of legal and technical complexity, some €667,000 has been spent to date by my Dept and the Revenue Commissioners on legal and other services".
No doubt we will be ponying up here too .. to help facebook not pay us taxes owed?

Taxpayers money being used to stop companies paying the same taxpayers tax owed .. great country we live in
 

venusian

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Good.

It would be nice to think an irish government would do the same but it probably wouldn't have the balls.
In the neoliberal pile of sewage that Fianna Gael choose to inhabit it is totally beyond their debased and rotten to the core ideology that such companies like Apple,Google,Facebook, Ebay et -al should pay any tax, other than the miniscule amount extracted by the unfit for pupose Revenue. !
 

venusian

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It's Revenue that would and they do have the balls and the tools, when required.
The political appointees in Revenue will never ever collect any decent amount of multi-national tax due to them being compliant obedient lap dogs of Fianna Gael. Revenue was given onerous powers by Quisling traitor Noonan to tax rape family homes to pay off FG's bankster mates and unsecured bondholders via LPT. But when it comes to an area where there is a vast amount of taxable profits to be collected in a fair and equitable manner the Irish people suffer under Noonan preventing it, he is on record saying he would take the EU to court if they attempted to increase the miniscule amount of tax Apple tosses to Revenue. Typical debased rotteness of FG! When it suits them the FF owned Gimp FGs Coveney, mis-quotes the EU in a flagrant attempt to justify his attempted theft of money from ordinary decent tax payers for the sleaze and corrupt ridden Irish Water rather than collect tax from hugely profitable multinationals.! Revenue is so unfit for pupose it barely collects a pathetic 6.8% of the joke 12.5% corporation tax that is supposed to be collected year on year!
 

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