Technology

The IRS agent who worked up this case is either going to be up for a few days of extra vacation time or perhaps a job at Microsoft.

Corporations are not people, fuck them up.

Next week, Microsoft negotiates the pending tax figure to $0...

Week after that, Microsoft is raising Office plans by $5 per user per month across the board to cover their tax bills...

Wow I wish I could not pay taxes for 3 decades and like do something nice with all that money…

Great! Now do Apple!

So where are all those fake democrats complaining that Biden's funding the IRS is just going to have them go after small businesses and the lower/middle classes?

How's that go? Gaslight, obstruct, project? lol

The IRS overwhelmingly go after poor people as they don’t have the means to defend themselves and end up settling out of desperation.

I’m sure after they get more money they’ll totally change though lol

Applejacks where you at buddy?

But they're a giant corporation so that's apparently fine.

That's a pretty penny.

Clippy pops up on Excel. “Hey, it looks like you are trying to funnel revenue through a shell organisation in the Caribbean.”

Next week's news: Microsoft negotiates tax bill down to $3.50. You still need to pay out the ass for healthcare, peasants.

Imagine any other citizen doing the same. they would be rotting in prison.

With that money you could buy yourself a default search engine position at Apple.

If Microsoft pays that I'll change my name to Microsoft.

Most of the major corporations in the US do not pay their fair share of taxes. Fuck the greedy pigs.

Five years from now it'll be settled and Microsoft will pay ten billion.

IRS commin' in tellin' me "Ain't you boys goin' gimme some back taxes?"

I told them they'd be lucky if they got some front taxes.

They can afford 29 billion. I hope they lose the battle.

Can't imagine running business is difficult when you don't pay taxes.

The issues that generated this debt pertains to intercompany transfer pricing.

Can someone explain what this means in english?

Edit: I looked into it more and it seems the IRS objects to how Microsoft attributed cost and revenue between its international entities. I’ve heard of this practice being used to arbitrarily shift tax burden internationally. For example, let’s say a US company builds Widgets that cost $20 to make and sells them for $50. By normal accounting, that would result in a net of $30 taxable in the US. But if the company spins up a subsidiary in Ireland to hold its Widget production patents, they can charge the US branch $30 per unit in patent royalties. This results in net $0 taxable in the US and $30 taxable in Ireland. One limitation is that the money has to stay in Ireland. But if the company is already a multi-national one, there’s a good chance they have legitimate business expenses in Europe that the money could be later spent on. The end result is that talent and work from American workers, and revenue largely coming from American buyers, is being manipulated to avoid paying taxes back into the American economy, just because the business has international interests and there are many tax havens overseas.

29 billion? That's it? It is so tiny!

I hope they pay up and we just send that to Ukraine as aid.

the interest is going to hurt

Yea but the us military depends on them continuing to support xp just for them soooooo, why should they pay? They could literally cripple the world