The US government and Microsoft had a falling out. The US Internal Revenue Service announced that Microsoft owes $28.9 billion in back taxes. Microsoft said it would appeal.
There has been an important development regarding the US-based technology giant Microsoft. US Internal Revenue Service (IRS) announced that the company has a huge historical debt. Microsoft responded to this statement and the tax debt issued. refused. It was a matter of curiosity how the US government and Microsoft would settle this issue.
According to the statement made by the IRS, Microsoft’s tax debt is for 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 Microsoft will pay is much more than that. In the statement made by Microsoft, the issue was will be brought to justice specified. The company is certain that the litigation process will take more than 1 year.
Microsoft says the calculation was not done correctly!
The person who made a statement on the subject was Daniel Goff, one of Microsoft’s senior managers. Goff said that the retroactive tax debt issued by the US Internal Revenue Service is now not even in practice He said it was due to policies. Microsoft official also stated that there was an error in the calculation made by the IRS, and that tax deductions and other payments made under the laws in the USA being ignored he thinks.
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According to the statement made by Daniel Goff, if the calculation is made correctly, the retroactive tax liability up to $10 billion will fall. It should be noted that the huge difference between the parties’ statements is approximately 20 billion dollars. Even the computational difference is less than what Microsoft achieved last quarter. up to net profit. To see how the dispute between Microsoft and the US government will be resolved we will have to wait…