Connect with us

Hi, what are you looking for?

Economy

They’re looking at $29 billion in taxes on Microsoft

They’re looking at $29 billion in taxes on Microsoft

He questions the tax office’s accounts and claims that he forgot to pay only $10 billion.

Many international companies have clearly mastered the art of technically legal tax evasion, in what they call tax optimization, where they build their international corporate networks and carry on their business activities in such a way that they have to pay as little tax on their income as late as possible.

Steve Ballmer was the first person to work at Microsoft during the period in questionSource: Agence France-Presse

At Microsoft, at the beginning of the new millennium, the maneuver was not perfect, so after a long audit process, the United States Internal Revenue Service (IRS) is now peace A $29 billion check to the company, which he claims he forgot to pay in taxes between 2004 and 2013. Penalties and interest are also added to the amount, which is an unclear amount.

Microsoft wants to “strongly” object to the tax authority’s findings, according to its claims, that the tax authority did not take many factors into account and reached incorrect conclusions. In fact, it owes the US state just $10 billion, or approximately 3,638 Hungarian forints. Billion dollars in unpaid taxes.

The company does not expect to make a final decision in this regard within the next 12 months.

If you want to read more interesting technology news, follow Origo Techbase’s Facebook page, click here!

See also  The BMW rolled out of the barn screaming for a new opportunity
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

Tech

A dangerous application appeared in the Apple App Store disguised as a known program. 24.hu reported the Based on TechCrunch article. Dangerous app in...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Copyright © 2023 Campus Lately.