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.
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!