Displaying items by tag: IRS

The US Internal Revenue Service has temporarily suspended a short-term contract worth US$7.25 million with credit information provider Equifax for identity proofing services.

Microsoft has used regional sales units in Ireland, Singapore and Puerto Rico to build up a cash stash of US$108 billion outside the US, according to court papers that have emerged during a case between the software giant and the US Internal Revenue Service.

A federal court in the northern district of California has authorised the US Internal Revenue Service to obtain details of the users of the cryptocurrency exchange Coinbase for the three years 2013 to 2015.

The US Internal Revenue Service has issued a broad order to the cryptocurrency exchange Coinbase to provide details of its users in order that it can be ascertained whether or not they have complied with internal US revenue laws.

Facebook has warned that it could face a tax bill of between US$3 billion and US$5 billion over the transfer of assets to Ireland.

Facebook and accounting firm Ernst & Young have been accused of providing figures lower by billions of dollars when transferring intangible assets to the social giant's Ireland subsidiary.

The current dispute between Mark Zuckerburg and the Winklevoss twins hinges on one small but crucial question.  What was the correct valuation of Facebook shares at the time the original settlement was struck?