IRS Tactics Against Meta Open a New Front in the Corporate Tax Fight

Posted by mitchbob 11 hours ago

IRS Tactics Against Meta Open a New Front in the Corporate Tax Fight(www.nytimes.com)

168 points | 186 commentspage 2

mcs5280 9 hours ago|

Surely Zuckerberg's bribe check is in the mail already

kotaKat 8 hours ago||

The "check" is what's given for a political favor and the "balance" is what goes up once the check clears.

Simple enough lesson to me!

mentalgear 8 hours ago||

You mean send to one of Trumpo's milliard Crypto *hitcoins, just like civilised nations like the UAE, Russia or the saudis do it?

dylan604 8 hours ago||

You're brave enough to post about Trump, yet chicken*hit enough to not type out the word shit? What standards are you setting for yourself?

mannanj 5 hours ago||

Yes great, and our local governments are also focusing on going after US persons who decide to register their vehicles in Montana and transfer ownership rights to LLC for privacy reasons. "Tax evasion" is the only legitimate use of that, they say, only to the small man of course.

wawaWiWa2 6 hours ago||

IRS Tactics Against Meta, Opens a New Front in the Corporate Tax Fight

There. I fixed it for you. Now you have a meaningful headline

persedes 5 hours ago||

One thing I'd love the US to do was something that happend in Germany ~2015, where they bought a lot of "Steuer-CD"s, with leaked info about people hiding money in offshore accounts. Then they allowed everyone to self report and applied more scrutiny to larger corporations which in total added several billions in revenue.

gryffyn 2 hours ago||

Germany continues to do that, North Rhine-Westphalia just bought a >1TB dataset in 2025.

https://www1.wdr.de/nachrichten/landespolitik/offshore-steue...

mothballed 5 hours ago||

The US passed FATCA in 2010, you can't operate a foreign bank that touches US anything without snitching out accounts with US persons as ultimate beneficial owner.

ur-whale 7 hours ago||

https://archive.is/Vsdqd

raverbashing 9 hours ago||

I wonder how much Meta wrote off with their Metaverse adventure

Nevermark 8 hours ago||

Well that was a 100% certifiably genuine ridiculous loss.

It is interesting how corporations develop personalities, that can do some things well but reliably fail at others. No matter the funding, personnel or efforts. And in this case, by developing a personality I mean enabling Zuck.

loeg 7 hours ago|||

About $16 billion a year, every year since 2022 or whatever. You can see RL spending in their public financials. Every company deducts ("writes off") R&D spending.

rwmj 8 hours ago||

If it wasn't every last penny of their spend then they weren't being honest with themselves.

amelius 8 hours ago||

IRS is using AI now too.

josefritzishere 8 hours ago||

Tax evasion is so pervasive at large companies that I have come to the conclusion that we need to start criminally charging the c-suite. Without personal consequences they're never going to change.

loeg 6 hours ago|

There's no crime element here.

x3ro 2 hours ago|||

According to the laws written by politicians who happen to get large donations from those exact C-level folks, of course only for their campaigns :)

loeg 1 hour ago||

"According to the laws" is simply the basis of our entire criminal code, of course.

0xedd 6 hours ago|||

[dead]

numbers_guy 8 hours ago|

The less they tax corporations the more the burden will fall on income tax. These big multinationals have been defrauding countries worldwide for decades. The issue is at the core of the political turmoil we are experiencing.

I'd like to know how much less income tax would be, if we could tax multinationals properly.

which 8 hours ago||

The tax avoidance schemes used by most major US companies are to avoid US taxes on foreign income. Most developed countries have territorial tax systems so their companies do not even need to use these fancy legal maneuvers because the income is largely exempt anyways.

In any given year corporate income tax is like 6-10% of federal receipts so even if that was doubled there would not be a huge decline in income taxes needed. The way the US does corporate tax is really also not that great from an economic perspective because it is a form of double taxation. The Estonian model of only taxing distributions incentivizes investment and avoids many debates over depreciation etc.

erfgh 8 hours ago||

The income tax would be less but so would be your salary. The corporate tax is another cost for the company.

shagmin 6 hours ago||

That's a bit tenuous. Corporate taxes are a cost after profit, which usually means whatever is left over after expenses. This means companies could pay higher salaries specifically to avoid corporate taxes, or invest in things instead.

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