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It was announced that Microsoft has billions of dollars in retroactive tax liabilities

  • October 12, 2023
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A major development has taken place regarding US-based technology giant Microsoft. US Internal Revenue Service (IRS) announced that the company has a huge historical debt. Microsoft has responded

It was announced that Microsoft has billions of dollars in retroactive tax liabilities

A major development has taken place regarding US-based technology giant Microsoft. US Internal Revenue Service (IRS) announced that the company has a huge historical debt. Microsoft has responded to this statement and the tax liability issued. refused. It was a matter of curiosity how the US government and Microsoft would resolve this issue.

According to the IRS statement, Microsoft’s tax debt covers the period between 2004 and 2013. $28.9 billion. Government officials want this money to be paid with interest and penalties. So the final amount that Microsoft will pay is much more than that. Microsoft’s statement noted the problem will be brought to justice specified. The company is confident that the litigation process will take more than 1 year.

Microsoft says the calculation was not performed correctly!

Microsoft's tax debt appeared

The person who made a statement on this topic was Daniel Goff, one of Microsoft’s senior managers. Goff said the tax liability issued by the U.S. Internal Revenue Service is now retroactive not even in practice He said this was due to policy. A Microsoft official also stated that there was an error in the IRS calculation, and that tax deductions and other payments were made under US laws being ignored he thinks.

According to Daniel Goff’s statement, if the calculation is made correctly, the tax is due retroactively up to $10 billion will fall. It should be noted that the huge difference between the parties’ statements is approximately $20 billion. Even the calculation difference is smaller than what Microsoft achieved last quarter. to net profit. To see how the dispute between Microsoft and the US government will be resolved we will have to wait

Source: Web Tekno

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