It’s the culmination of years of litigation between the two entities—which might not be over yet. Way back in 2012, the Internal Revenue Service (IRS) launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. taxes. The agency had already been auditing the company, but for the next three years, it took perhaps the boldest, most antagonizing steps it had in decades to inspect the company’s finances. Former CEO Steve Ballmer got ...
Why Microsoft's $29 billion tax bill could be the knockout punch in a decade-long fight with the IRS
Fast Company - 12 Oct 2023 20:15
It’s the culmination of years of litigation between the two entities—which might not be over yet. Way back in 2012, the Internal Revenue Service (IRS) launched the largest-ever audit in history, accusing Microsoft of stashing billions in offshore tax havens to dodge U.S. taxes. The agency had already been auditing the company, but for the next three years, it took perhaps the boldest, most antagonizing steps it had in decades to inspect the company’s finances. Former CEO Steve Ballmer got ...
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