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Facebook Sued for $9 Billion by Internal Revenue Service After Shifting Profits for Ireland

The social media platform’s tax avoidance strategy is in trouble.

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Mark Zuckerberg Matrix

Facebook is set to be sued for $9 billion by the Internal Revenue Service, which accuses the company of undervaluing intellectual property it transferred to Ireland in an effort to avoid compliance with American tax rules.

The IRS is accusing Facebook of significantly undervaluing the cost of intellectual property it transferred to an Irish component of its company in 2010. They’ll make their argument before a San Francisco judge later this month.

Facebook expects the litigation to be settled in a matter of weeks. It’s probable that the proceedings will end with a settlement in which the Silicon Valley social media behemoth will agree to pay a portion of the back taxes it owes as a result of the 2010 tax haven move. Leading employees of the company, including Chief Technology Officer Mike Schroepfer, are expected to testify in the proceedings.

Trending: VIDEO: Chinese Factory Worker Caught Contaminating Hundreds of Medical Face Masks

Major Silicon Valley corporations regularly shift the most profitable elements of their businesses to tax havens such as Ireland and the Cayman Islands. Other companies such as Amazon and Apple utilize Ireland as a haven to considerable effect, avoiding paying billions of dollars in American taxes as they enjoy free access to the incredibly lucrative American consumer market.

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Those among conservative and libertarians who subscribe to the “Taxation is theft” meme should consider the implications of such a blanket statement. America’s wealthiest companies have no problem with taxation and public infrastructure- in fact, they’re planning on having you pick up their tab while they game the system’s rules.

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Facebook Censors Project Veritas Video, Keeping Coronavirus Hysteria in High Gear

Big Brother is ramping up due to coronavirus.

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Facebook is reportedly throwing a Project Veritas video off of their monolithic social media platform because the video contains information about coronavirus that is unapproved by the political and media establishment.

CNN reporter Oliver Darcy reported that Facebook would be removing the Veritas video from their platform because of nebulous and unspecified policy violations. Veritas founder James O’Keefe blamed Darcy for allegedly being a snitch and attempting to get his video removed from social media platforms.

O’Keefe also blasted New York Times reporter Andrew Jacobs for his moral preening in criticizing his coronavirus reporting.

The controversial video published by Veritas shows O’Keefe talking with boots on the ground at coronavirus testing sites. He talked to Army personnel and health care workers who claimed the pandemic is not as bad as the media and government officials are purporting it to be.

Certain transcripts from the Veritas video can be seen here:

James O’Keefe: “What about the situation itself. Is it as bad as–the media is saying? The whole pandemic?”
New York Army National Guardsman: “Oh no. It’s the flu!”
O’Keefe: “That’s all it is?”
Guardsman: “It’s the flu.”

O’Keefe: “Is it as bad as they’re saying, this pandemic? Everyone’s freaking out. Is it bad, is it overblown by the media, what is it like?”
Medical worker: “Is it what?”
O’Keefe: “Is the media accurately reporting or is it as bad as people are saying?”
Medical worker: “No.”
O’Keefe: “It’s not as bad as the—”
Medical worker: “It’s precautionary.”
O’Keefe: “The media is making it out bigger?”
Medical worker: “Yes.”

O’Keefe’s video has garnered controversy because it goes against the narrative of fear and hysteria that has been pushed by the fake news media, government bureaucrats and official expert class.

“The rollout of our findings does not endorse COVID-19 behavior one way or another, nor do we encourage others. Our goal is to inform the public and allow the public to make judgments on the issues,” O’Keefe said. “Emotionally driven, knee-jerk reactions journalists are the last thing the public should be subjected to in a time of crisis.”

“I realize this will probably upset some, but Project Veritas goes to the front lines to get unfiltered, raw information, to the public. We’re not here to project a narrative or even to draw a conclusion—we don’t even know who the villains are, if any,” O’Keefe added.

Despite Facebook’s reported censorship of the Veritas video, there are no plans for Twitter and YouTube to remove the content from their platforms at the present time.

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