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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS (appleinsider.com)

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

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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.

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[-] [email protected] 29 points 11 months ago

Imagine any other citizen doing the same. they would be rotting in prison.

[-] [email protected] 7 points 11 months ago

I'd like to agree but it is not illegal to not pay your taxes. It is illegal to not file your taxes. So if you file your taxes and owe $5,000, you can't go to jail/prison for not paying it.

this post was submitted on 12 Oct 2023

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