The IRS says Meta now owes nearly $16 billion in taxes

For years, Big Tech’s offshore-tax fights have been argument-by-spreadsheet. What was a bundle of trademarks, licenses, and customer agreements “worth” when it got shipped to a low-tax address and blessed by a forecast? The IRS is now trying to replace the forecast with a report card — and Meta is the first company getting called to the principal’s office. The New York Times reports that the agency is opening “a new front” by “using real-world profit data to challenge how big companies value offshore inte ...