Microsoft says US has asked for $28.9 billion in audit dispute
Thursday, 12 October 2023 Microsoft will appeal a decision by the US Internal Revenue Service (IRS) that the company owes at least $28.9 billion in taxes. The dispute stems from a 2012 IRS audit into transfer pricing, in which Microsoft had been moving profits to tax havens to avoid the US corporate tax rate. Microsoft has since changed its corporate structure and practices, making the issues raised by the IRS irrelevant to its current income recording.
Microsoft has finally completed its biggest acquisition ever, buying Activision Blizzard King for $69 billion. The deal gives Microsoft ownership of some of the most popular gaming franchises, such as..
IRS Says Microsoft Owes , $29 Billion in Back Taxes.
According to an SEC filing, the tech giant
owes the IRS $28.9 billion "plus penalties
and interest," The Verge reports.
Tax years 2004-2013 are..
Credit: Wibbitz Top Stories Duration: 01:31Published
Microsoft and Amazon , Face Antitrust Probe in UK.
Microsoft and Amazon , Face Antitrust Probe in UK.
On Oct. 5, Britain's Competition and Markets Authority (CMA) said it is investigating Microsoft..
Credit: Wibbitz Top Stories Duration: 01:31Published
Thursday, 12 October 2023
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![Microsoft and Amazon Face Antitrust Probe in UK [Video]](https://video.newsserve.net/300/v/20231005/1358814795-Microsoft-and-Amazon-Face-Antitrust-Probe-in-UK.jpg)
