Mark Estrada – The Internal Revenue Service (IRS) is deploying new valuation strategies to target Meta for profit shifting and underpayment of taxes. The IRS is seeking nearly sixteen billion dollars in tax deficiencies, all related to Facebook’s—now Meta’s—2010 use of an international tax framework called the double Irish—a now-abolished ownership arrangement that routed profits […]
Cristina De Castro – The ongoing antitrust lawsuit against Google has reached its halfway mark with the Department of Justice resting its case mid-October. The debate surrounding whether Google’s actions that made it the leading search engine constitute legitimate competition or an unlawful monopoly could have significant impacts on the tech industry. The U.S. claims […]
Alexandra McHugh – On January 24, 2023, the Justice Department, along with the Attorneys General of California, Colorado, Connecticut, New Jersey, New York, Rhode Island, Tennessee, and Virginia, filed a civil antitrust suit against Google in the Eastern District of Virginia. The Government’s complaint alleges that Google monopolizes crucial digital advertising technologies, denying the American […]
