Facebook and IRS Prepare for $9 Billion U.S. Tax Court Fight

Editor’s Note: Adopt Sales Factor Apportionment taxation and this tax litigation becomes irrelevant. Because internal profit shifting becomes irrelevant. Simply tax MNC global profit in proportion to sales occurring in US. Ignore subsidiaries. Government challenges social-media giant’s transactions with its Irish subsidiary [Richard Rubin | February 8, 2020 | WSJ] Facebook Inc. FB 0.03% and the…

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Press Release | CPA Applauds New Commerce Department Currency Manipulation Rules

Long-overdue rule says currency undervaluation is a trade subsidy Washington. The Coalition for a Prosperous America (CPA) today stated its appreciation for a new Department of Commerce rule that would impose countervailing duties on imports benefiting from foreign currency undervaluation. CPA has long supported such action and was a key advocate for House and Senate…

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