Another IRS Assault

This time on private enterprise and a private economy company that’s nominally outside the scope of the government economy.

US tax officials sued Facebook Inc to force the company to hand over documents related a transfer of assets to Ireland in 2010, part of a yearslong investigation into whether some of those assets were undervalued “by billions of dollars.”

Because, of course, John Koskinen and his IRS minions know better how to value a private enterprise than does the private enterprise.

Alternatively, Koskinen has reason to believe the company has falsified its valuations, which raises the question: what’s your probable cause, Mr Koskinen?

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