Court docs: the IRS seeks $16B in back taxes and penalties from Meta, arguing it failed to report ~$54B in overseas profits; in December 2025, Meta sued the IRS (Jesse Drucker/New York Times)

Jesse Drucker / New York Times: Court docs: the IRS seeks $16B in back taxes and penalties from Meta, arguing it failed to report ~$54B in overseas profits; in December 2025, Meta sued the IRS   —  The agency is using real-world profit data to challenge how big companies value offshore intellectual property.