IRS Expert Defends His 2010 Facebook Valuation At Tax Trial
An expert hired by the IRS defended his valuation analysis of Facebook during a multibillion-dollar trial Thursday over the social media giant's 2010 tax bill, testifying that his $32.8 billion valuation — $3 billion higher than Facebook's own number — relied on revenue projections approved by Facebook executives, board members and auditors.
Source: law360.com