Microsoft gets caught up in tax evasion again and is required to pay nearly $29 billion in back taxes
Hawk_Finance
2023-10-13 17:35:53
2.81W
Share to:
Collect
Hot List Ranking
- What offers has Trump made so far?Cristiano
- Ningde Times: Will build a large-scale energy system,"ten times" larger than the battery businessGareth
- The dollar rose to 155 against the yen, and the Bank of Japan may interveneGareth
- U.S. inflation data ruins goldCristiano
- Why should we invest in gold instead of stocks in 2025?Cristiano
On Wednesday, local time, Microsoft said in a regulatory filing that it would appeal the IRS's decision to pursue at least $28.9 billion in taxes from it.。This tax recovery relates to Microsoft's operations related to the distribution of revenue and expenses among its global subsidiaries between 2004 and 2013.。The dispute centers on a 2012 IRS audit of transfer pricing, a method used by companies to shift profits to tax havens to circumvent U.S. corporate tax rates.。At the time, Microsoft shifted billions of dollars in profits to jurisdictions like Puerto Rico, which is a U.S. territory but has a much lower corporate tax rate.。
·Original
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like