Facebook, Google and other big companies have nearly $2 billion on the line in a closely watched tax case
A long-running tax dispute is racking up a potentially hefty price tag of nearly $2 billion and counting for dozens of big U.S. companies, including Facebook Inc. and Alphabet Inc.
Since the most recent ruling on the case, in June, more than two dozen companies have disclosed the potential impact on their financial results. Facebook recorded a $1.1 billion tax expense because of the case, while Alphabet, the parent of Google, reversed a $418 million benefit it had previously taken. Other companies reporting at least a $50...
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