Microsoft To Appeal Against $29B US Tax Claim By IRS - Microsoft (NASDAQ:MSFT)
Source: benzinga.com
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Microsoft plans to contest IRS claim it owes $28.9bn in back taxes
The dispute centers on a 2012 IRS audit into transfer pricing, a method used by companies to shift profits to tax havens and avoid the US corporate tax rate.
Source: moneyweb.co.za
Microsoft faces $28.9 billion tax bill in ongoing audit dispute
Microsoft is facing a hefty tax bill over historical accounting practices dating back nearly twenty years.
Source: techcrunch.com
Microsoft receives $29B IRS tax notices for decade-old transactions
The company, in a regulatory filing, said it is in the process of negotiating with the US Internal Revenue Service. The notices correspond to tax years 2004 to 2013.
Source: cio.com
Microsoft receives IRS notices for $28.9 billion in back taxes
The Internal Revenue Service (IRS) has sent notices to Microsoft stating that the company owes it $28.9 billion in back taxes.
Source: androidheadlines.com