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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit
3D-printed models of people are seen in front of a Facebook logo in this photo illustration taken June 9, 2016.
Reuters/Dado Ruvic/Illustration
The U.S. Internal Revenue Service is examining Facebook Inc (FB.O) in connection with its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers.
The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and force the company to produce various documents as part of the agency's examination.
(This version of the story has been refiled to correct spelling of "transfer" in headline)
(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)
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