tax evasion
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Microsoft May Owe $US28.9 Billion in Back Taxes to the U.S. Government
On Wednesday, the Internal Revenue Service (IRS) notified Microsoft that it may owe $US28.9 billion in back taxes, plus penalties and interest, from 2004 through 2013. The IRS says it believes that as of Sept. 30, its tax adjustments are correct and will elevate the issue to judicial proceedings, if necessary. Microsoft disputed the claims,…
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Amazon Just Got Nailed For Allegedly Evading $300 Million In EU Taxes
Photo: AP The European Union’s competition commissioner Margrethe Vestager issued a recovery order against Amazon on Wednesday over hundreds of millions of euros in back taxes the company avoided by routing its finances through Luxembourg.
