Page 4 - Daniel Goff News Today

Pay Up The Internal Revenue Service [IRS] says that Microsoft owes tens of billions of dollars in back taxes — and apparently, the company isn't buying it. In a blog post, Microsoft executive Daniel Goff said that the IRS had sent the company notice that it owes a $28.9 billion tax balance "plus penalties and […]

The IRS claims Microsoft owes $28.9 billion in back taxes between 2004 and 2013

It centres on how Microsoft allocated profits across countries between 2004 and 2013.

IRS ends epic 16-year tax probe and sends Microsoft the bill, but Redmond disagrees.

Microsoft said it disagrees with the tax adjustments and "will pursue an appeal within the IRS, a process expected to take several years."

Microsoft says it has paid $67 billion in taxes since 2004, but its tax bill is still tens of billions of dollars bigger.

The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

The dispute involves the way the software company accounted for certain internal costs in the period from 2004 to 2013. Any resolution in years away.

Kodiak Robotics is the first company in a pilot program in Texas working on a system where driverless commercial trucks could whiz by highway weigh stations.

Mountain View is well-known for its tech giants like Google, but the city has many more innovations to share from a variety of companies, both large and small, who will be showing off the latest in new tech next week.