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IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

Por: ABC News Business October 12, 2023

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SAN FRANCISCO -- The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back , plus penalties and interest, the company revealed Wednesday in a securities filing. That figure, which Microsoft disputes, stems from a long-running IRS probe into how Microsoft allocated its profits among countries and jurisdictions in the years 2004 to 2013. Critics of that practice, known as transfer pricing, argue that companies... + full article



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