88
Microsoft in $29bn back taxes dispute in US
(www.bbc.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Oct 2023
88 points (100.0% liked)
Technology
37573 readers
527 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
🤖 I'm a bot that provides automatic summaries for articles:
Click here to see the summary
The Internal Revenue Service has been auditing how the firm allocates profits among countries and jurisdictions.But Microsoft said "the issues raised by the IRS are relevant to the past but not to our current practices".
In a securities filing, Microsoft said the IRS was seeking an additional tax payment of $28.9bn plus penalties and interest.
Other American tech firms such as Amazon and Facebook have also faced similar calls to pay more taxes.
In June, it agreed to pay $20m to the Federal Trade Commission (FTC) after the company was found to have illegally collected data on children who had started Xbox accounts.
But the firm may soon have a victory over its plan to buy Activision Blizzard, which makes Call of Duty, for $68.7bn as the deal is expected to be finalised soon.
Saved 49% of original text.