Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

Delayed Quote. Delayed  - 07/29 10:00:00 pm
123.94 USD   -0.85%
07/30 FACEBOOK : could owe $5 billion in back taxes
07/30 FACEBOOK : is censoring some posts on Kashmir
07/30 FACEBOOK : announces Q2 earnings
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Facebook : could owe $5 billion in back taxes

share with twitter share with LinkedIn share with facebook
share via e-mail
07/30/2016 | 06:21pm CEST

Facebook is digging in over its fight with the Internal Revenue Service. The social network said this week that it faces a potential $5 billion tax bill after moving some of its assets to Ireland.

The company's tussle with tax authorities dates back to its decision in 2010 to transfer many of its global "intangible" assets - those not in the United States or Canada - to its Irish holding company. The transfer allowed the company to pay a lower tax rate on the profits made from those assets, tax experts say. (The corporate tax rate in Ireland is 12.5 percent, compared with 35 percent in the United States.)

The IRS said in court documents the way the assets were valued was "problematic" and that the "transferred intangibles" may have been undervalued by "billions of dollars."

On Thursday, Facebook, which reported more than $2 billion in profits during its second quarter, said it received a "deficiency" notice from the IRS and could end up with a tax bill of $3 billion to $5 billion, plus interest and penalties.

© Copyright (c) 2016 Tulsa World. World Publishing Co., source Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on FACEBOOK INC
07/30 FACEBOOK : could owe $5 billion in back taxes
07/30 FACEBOOK : is censoring some posts on Kashmir
07/30 FACEBOOK : declines to pay tax to PRA
07/30 FACEBOOK : could face extra $5bn tax bill after US investigation
07/30 FACEBOOK : announces Q2 earnings
07/29 FACEBOOK : users show no signs of tiring
07/29 OOREDOO : SSM's now sell iTunes, Facebook, Steam, Xbox, Google Play Vouchers and..
07/29 OOREDOO : Official Partnership Launch with Osool Media; Ooredoo SSM's now sell i..
07/29DJLow Crude Prices Hammer Big Oil Companies
07/29DJFACEBOOK : May Owe Billions In Taxes -- WSJ
More news
Sector news : Social Media & Networking
01:38a Chinese consortium agrees to $4.4 billion deal for Caesars online games
07/29DJTech Stocks Up On Google Earnings - Tech Roundup
07/29DJTalend Nudges Dormant Tech IPO Market
07/29DJALPHABET : Tech Companies Still Trusted More on Autonomous-Car Development
07/29DJBAIDU : After Stumbles, Baidu Trails Rivals -- WSJ
More sector news : Social Media & Networking
News from SeekingAlpha
07/30 Why I'm Easing Out Of REITs And Into Banks In My IRAs, Starting With Wells Fa..
07/30 Stocks Have Serious Issues - Downside Risk Intensifying
07/29 MOST LIKELY, BIGGEST CAPITAL GAIN, I : Apple, Amazon, Tesla Or Facebook?
07/29 Talend Shines In IPO; Facebook's Big Penalty; Playstation VR Details Emerge -..
07/29 New Patent Puts Mattersight In Facebook's Sights
Financials ($)
Sales 2016 27 056 M
EBIT 2016 15 144 M
Net income 2016 8 256 M
Finance 2016 22 212 M
Yield 2016 -
P/E ratio 2016 43,89
P/E ratio 2017 30,95
EV / Sales 2016 12,3x
EV / Sales 2017 8,97x
Capitalization 355 914 M
More Financials
Duration : Period :
Facebook Inc Technical Analysis Chart | FB | US30303M1027 | 4-Traders
Full-screen chart
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 48
Average target price 153 $
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer & VP-Engineering
Timothy Campos Chief Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK INC18.42%355 914
LINKEDIN CORP-14.37%25 738
TWITTER INC-28.09%11 680
MATCH GROUP INC16.24%3 920
DENA CO LTD38.57%3 912
More Results