The Register: “Facebook has lost its bid to throw out a tax bill on $7bn worth of income it had stashed overseas. A Northern District of California judge ruled in favor of the IRS this week, finding the Social Network did not have standing to challenge the tax bod’s finding that Facebook underreported its revenues via its Ireland-based subsidiary. The IRS found that, from the 2008 through 2010 tax years, Facebook failed to report (and pay taxes on) about $7bn of income. Facebook challenged that ruling, asking that the case be taken in front of the IRS Appeals board – an independent group that sorts out tax disputes. The US tax body moved to have the case thrown out, saying there was nothing on the books that oblige it to give Facebook an appeals hearing, certainly not with IRS Appeals…

• On Monday, Judge Laurel Beeler (Northern District of California) granted the government’s motion, deciding that Facebook does not have standing to force the matter before IRS Appeals…”