Microsoft Owes $28.9 Billion in Back Taxes: IRS

[Tsing]

Microsoft has published a new Form 8-K on its website, revealing that it has received NOPAs (Notices of Proposed Adjustment) from the IRS that claim the company owes a tax payment of $28.9 billion for tax years 2004 to 2013—including penalties and interest. The Xbox and Windows maker, which happens to have a market capitalization of 2.47 trillion, says that it plans to "vigorously" challenge the NOPAs, claiming that it has already paid a big portion of those taxes that weren't reflected in the IRS' audit. Microsoft noted that it has paid over $67 billion in taxes to the U.S. since 2004.

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[Burticus]

chump change for M$

 

[Riccochet]

chump change for M$

That's not the point. Imagine the IRS coming after you for years 2004-2013 and saying "look, we know you paid X, and that's what you owed according to the law, but we want more. So we're adjusting what you owe, adding some penalties and now you owe Z"

The IRS just wants to double dip.