Former Harvard professor says IRS can’t tamper with Facebook valuation

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By Dorothy Atkins (May 6, 2022, 10:56 p.m. EDT) — A retired Harvard Business School adjunct professor spoke Friday in a multibillion-dollar lawsuit over Facebook’s 2010 tax bill, defending her opinion that Internal Revenue Service experts rigged Facebook’s valuation and failed to factor in billions of dollars in costs that should have been deducted from its value.

Timothy Luehrman, who is an independent consultant and retired adjunct professor from Harvard Business School, was admitted Friday as Facebook Inc.’s expert in corporate finance and business valuation.

During a two-hour direct examination by Facebook attorney George M. Clarke of Baker McKenzie, Luehrman defended his methodology for proposing the…

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