Tag Archives: taxes

Meta v. IRS: A Multi-Billion Dollar Reckoning

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 […]

The Infrastructure Bill’s Hidden Effect on Cryptocurrency

Oliver Ray Duke – One of the Biden Administration’s key agenda items is H.R. 3684, otherwise known as the “Infrastructure Investment and Jobs Act” (the “Infrastructure Bill”). According to President Biden’s Statement of Administrative Policy, the Infrastructure Bill seeks to rebuild deteriorating infrastructure, reduce greenhouse gas emissions, and invest in underserved communities among other legislative priorities. […]