The Internal Revenue Service claims Microsoft still owes $28.8 billion in back taxes from between 2004 and 2013. Microsoft disputes the IRS's adjustments and will appeal the decision.
Taxes RSS
Microsoft should submit a tax transparency report that is in line with the relevant standard of the Global Reporting Initiative, a resolution signed by large investors has demanded.
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An investigation by Reuters has found that companies could continue to reduce their tax burdens even after a rule from the OECD designed to stop the use of such schemes comes into effect.
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A major EU meeting next week proposes new taxes on major tech firms such as Microsoft, Google and Apple. A short-term plan and a bigger overhaul are expected to have a big impact on profits.
The Cupertino giant today announced it will be making a contribution of $350 billion to the U.S. economy over the next five years, creating 20,000 jobs and pay $38 billion in taxes to repatriate
The search engine giant has, in the past, used two methods ("Double Irish" and "Dutch Sandwich") to protect its international profits from taxation. This move saved Google over $3 billion in taxes.
Facebook has announced that it will record ad revenues in the countries where they were sold instead of in Dublin at the company's international headquarters. Experts remain skeptical, though.
After handing down its findings a little over a year ago, the European Commission deemed that Apple's arrangement with Ireland required it to repay taxes. Apple has now agreed to pay back €13 billion.
Strikes are set to take place on Black Friday at an Italian Amazon plant after workers said they want pay to increase with Amazon's growth in the country. Workers find themselves doing long hours.
The recent Paradise Papers leak has revealed some interesting details about the dealings by corporations and diplomats alike, with Apple's murky tax practices coming to light as well.
With tax time fast approaching in the United States, a new TurboTax app has been released for Windows 10 PCs and tablets including data import, access to live help from experts, and more.
The ongoing saga between Apple and the European Commission rages on as the tech giant joins forces with the Irish Government to have the decision concerning its sizeable tax bill annulled.
Noted performer and Apple enthusiast Stephen Fry shared his thoughts on the company's tax problems straight from the iPhone 7 unveiling event. He said Apple should be paying a lot more in taxes.
Ireland gave "illegal tax benefits" to Apple that allowed the company to pay an effective corporate tax rate as low as 0.005%. The EC says that Ireland must now claim up to €13bn ($14.5bn) in taxes.
Early this morning Google's offices in France were raided by local authorities with up to 100 investigators present. A French prosecutor said the raid was part of investigation into tax obligations.
According to the company's co-founder, Apple should be paying its fair share in taxes. This, after allegations from both the EU and US that the company has been dodging billions in owed taxes.
Google has agreed to pay the UK government around $180 million in back taxes. However, critics says Google owes a lot more with the company paying taxes at less than 3% compared to the normal 20%.
The UK Government's Chief Scientific Adviser has written a report which suggests that it should adopt blockchain technology to help manage public money as it would reduce fraud.
Apple is the latest corporation to be stung with massive tax-evasion fines in China. The company must pay $71M USD, as well as a $10M USD fine, for unpaid taxes in the 2013 financial year.
If you needed further proof that normal users don't think about computer security, look no further than this statistic: 65% of users who file taxes online do so using an open Wi-Fi hotspot.
Microsoft has been fined in China roughly $140 million for cross-border tax evasion in that country which is quite similar to that which was investigated by the IRS.
Apple will soon be publicly accused by the European Commission of taking illegal tax aid via a special deal with the Irish government. The deal ensured Apple was paying less than 2% taxes.
Google may be fined for not paying $1bn in taxes to the French government over the past couple of years, although the company states that they have been compliant with French law
The activist group Americans for Tax Fairness is running a 4th of July campaign to draw attention to alleged tax avoidance strategies used by several major U.S. technology companies.
Intuit is having issues filing state tax returns with Minnesota and the state is calling into question the accuracy of the software company's tax software.
Following recent investigations, French tax authorities are demanding a payment of €52.5m ($70m) from Microsoft, amid disputes over the company's accounting and tax policies there.
Over the past few days, we have heard quite a bit about Dell wanting to go private and remove itself from the burden of being listed on a stock exchange - and Microsoft could be the perfect partner.
As Nokia readies its Windows Phone 8 launch in India, tax officials have raided one of its factories and offices, amid allegations that the company has evaded tax payments there, amounting to $545m.
Google is coming under fire today for a recent relevation that it saved about $2 billion in worldwide income taxes by shifting nearly $10 billion of its revenues to a shell company in Bermuda.
The Firefox foundation announced the settlement with the USA government over funding from Google. Mozilla didn't want to pay tax for the money, now the company is paying regardless.
Microsoft has been accused of avoiding billions in taxes in a memo from a Senate committee by utilizing transactions with offshore subsidiaries to use those funds domestically without paying taxes.
Amazon.com will begin collecting a state sales tax in New Jersey beginning next year. New Jersey has also announced that Amazon will be opening two distribution facilities in the state.
A new report claims that Apple avoids paying the US a lot of money in taxes via various methods with one economist saying Apple would have paid $2.4 billion more in taxes without these legal efforts.
Facebook has been discovered to hold an empty office in the Dutch city of Amsterdam, sparking discussion about whether the company is using it to avoid taxation.
Bill Gates has claimed in a BBC World interview that he probably doesn't pay enough tax; this follows the State of the Union address in which Obama called on the rich to pay more taxes.
