Microsoft owes an astounding $28.9 billion in back taxes, IRS says after audit of the company’s use of tax havens
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Microsoft will appeal a decision by the US Internal Revenue Service that the software maker owes at least $28.9 billion in taxes related to how it allocated income and expenses among global subsidiaries from 2004 to 2013.
The company said Wednesday in a regulatory filing that it disagreed with the “notices of proposed adjustment” to its federal tax filings and will appeal the…
This story from fortune.com was posted on 2023-10-12 by @hazelpine.