Facebook, Google and other big companies have nearly $2 billion on the line in a closely watched tax case
A long-running tax dispute is racking up a potentially hefty price tag of nearly $2 billion and counting for dozens of big U.S. companies, including Facebook Inc. and Alphabet Inc.
Since the most recent ruling on the case, in June, more than two dozen companies have disclosed the potential impact on their financial results. Facebook recorded a $1.1 billion tax expense because of the case, while Alphabet, the parent of Google, reversed a $418 million benefit it had previously taken. Other companies reporting at least a $50...
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Glencore wins transfer tax dispute over Australian copper paymentsGlobal mining and trading giant Glencore has won a dispute with Australia's...
Leer más »
After Rush to Beat New Tax, Manhattan Luxury-Apartment Sales SlumpSales of Manhattan homes and apartments for $2 million or more in July shrank to the lowest level for any month in seven years as a new transfer tax went into effect.
Leer más »
64% of Americans can't define this key tax termA 2019 tax study from NerdWallet finds that most Americans are in the dark about an important tax term: W-4 forms.
Leer más »
Elon Musk visited China and won a tax break for TeslaChinese authorities say Tesla has won an exemption from a 10 percent purchase tax, which will reduce the price that customers will have to pay for a Model 3, Model S or Model X
Leer más »
Dutch minister: I did not have contact with Uber on tax planThe top Dutch tax politician has denied meeting representatives of Uber Technolo...
Leer más »