How much will Microsoft be required to pay in back taxes as a result of their current IRS audit? | Manifold

How much will Microsoft be required to pay in back taxes as a result of their current IRS audit?

Mini

9

Ṁ136

2028

1D

1W

1M

ALL

30%

$0-1 billion

33%

$1-5 billion

15%

$5-10 billion

17%

$10-15 billion

3%

$15-20 billion

3%

>$20 billion

The IRS claims that Microsoft owes $29 billion in back taxes for profits that the company shifted to Puerto Rico.

https://www.propublica.org/article/irs-microsoft-audit-back-taxes-puerto-rico-billions

How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft

In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.

#️ Technology

Get

1,000

and

1.00

Related questions

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Related questions

Will Microsoft disclose that they are losing more than 1 billion on artificial intelligence support cost by end of 2024?

If IRA passes, by what factor will IRS audit rates on incomes <$400k increase?

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