You know what giant corporations really hate to do? Spend lots of their revenue on taxes. And you know what they have to do anyway? Exactly that. But the IRS is saying that Facebook may not have done enough of it, in past years, and may be on the hook for a big fat chunk of cash overdue to the U.S. government.
Google Reader, the news reading app that lets you pull in stories from just about any blog or news site, will discontinue on July 1. It's a beloved Google product, and the company caused quite the firestorm when it announced Reader's demise in March.
In its latest regulatory filings, Facebook Inc. (NASDAQ:FB) has issued a warning to British and Irish authorities that it would push forward any claims on potential tax reassessments dating back to as far as 2009. However, at the same time Facebook reiterates that it reserves a “possible, but not probable” obligation over the matter.
As Facebook prepares for its initial public offering as early as May, it?s already getting challenged on grounds usually reserved for long-public corporate giants: antitrust. On Mar. 20, Sambreel Holdings, developer of a Web browser plug-in called PageRage that lets people customize Facebook pages on their browsers?and view ads while doing so?sued Facebook for allegedly ...