736
submitted 11 months ago by [email protected] to c/[email protected]

Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

you are viewing a single comment's thread
view the rest of the comments
[-] [email protected] 42 points 11 months ago
[-] [email protected] 50 points 11 months ago

Yeah but they eared more than double that in profit in their 2023 year. This is taxes over a 20 year period.

In this context it does not seem like it’s too much.

[-] [email protected] 25 points 11 months ago

It's still way more than "none". Let's not let perfect be the enemy of good.

[-] [email protected] 8 points 11 months ago

I didn't believe you so I looked it up. You're wrong. Their gross profit is over 4x that amount in 2023.

[-] [email protected] 16 points 11 months ago

That's not wrong then. 4 times is more than double.

[-] [email protected] 4 points 11 months ago

I got my number from the article that was posted.

this post was submitted on 12 Oct 2023
736 points (97.7% liked)

Technology

58133 readers
5154 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS