Microsoft is in a dispute with the Internal Revenue Service (IRS) over a demand for $28.9 billion in back taxes. The IRS claims that the software giant owes the amount for the tax years 2004 to 2013. Microsoft plans to appeal the decision and disagrees with the proposed adjustments. The company expects the appeal process to take several years. This is the largest audit in U.S. history, and the IRS rejected Microsoft's attempts to channel profits to a small factory in Puerto Rico. The dispute highlights the complex tax arrangements of multinational corporations and the challenges faced by tax authorities in enforcing tax compliance.
The Internal Revenue Service has determined that the software giant owes the U.S. Treasury $28.9 billion in back taxes. Here's what happens next. https://t.co/ZtKgL4JlSs
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. https://t.co/Kr460cDtnf
Microsoft is grappling with a colossal tax bill. https://t.co/S1qqCoph1n
It’s the largest audit ever. It’s taken over a decade. It will probably stretch for many more years. The IRS is seeking $29 BILLION from tax scofflaw Microsoft. @paulkiel: https://t.co/Y9KB2Oslz0
New: How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft https://t.co/Gz30XYQLO7
80Level: The IRS has stated that Microsoft has $29 billion in unpaid taxes, while Microsoft claims to be innocent and is ready to challenge the decision made by the authorities. More: https://t.co/rPrs4vVbVz #Microsoft #IRS https://t.co/uIC9A2VtkH
Microsoft says the IRS is overcharging it by nearly $30 billion https://t.co/dvI181myx0
Americans 🇺🇸 didn’t pay an estimated $688 billion in taxes due on their 2021 returns, the largest shortfall ever The IRS said Audits and other enforcement will be stepped up to reduce the gap - WSJ
On Tuesday, Microsoft revealed that it owes $28.9 billion in back taxes following an IRS audit. The IRS has been delving into the company’s finances and they found that Microsoft owes not only the large original sum, but penalties and interest as well. https://t.co/m9lJqQQdPe
#MustRead: Microsoft says it is facing a demand of $28.9bn – plus penalties and interest – by the US Internal Revenue Service (IRS). https://t.co/h3P710scEm
IRS Says Microsoft Owes an Additional $29 Billion in Back Taxes https://t.co/vWclkaStMb
Microsoft owes $29 billion in back taxes, IRS says https://t.co/dmVguJ0ona by @MichaelCrider
Microsoft May Owe $28.9 Billion in Back Taxes to the IRS https://t.co/8fh5jeWrYm https://t.co/rFiESAcX1h
IRS Wants Microsoft To Pay At Least $29B In Back Taxes: https://t.co/Bf75nofk38 Microsoft disputes the IRS move, writing in an SEC filing Wednesday that the company believes its allowances for income tax contingencies are adequate.
Microsoft Reportedly Owes The IRS $29 Billion In Back Taxes https://t.co/E4hsGvWFvD https://t.co/A2ZxZWgVo8
$MSFT (-0.6% pre) Microsoft owes $29 billion in back taxes, says IRS - The Verge https://t.co/NPyIjt66mI
The IRS says Microsoft owes $29bn in back taxes https://t.co/h3P710scEm
Microsoft in $29bn back taxes dispute in US https://t.co/yqtxdJcj3H
#FPTech: #IRS, US' tax authorities claim that #Microsoft owes them $29 billion in back taxes from 2004 to 2013, but Microsoft has refuted these allegations. https://t.co/eJoCYClVp0
Microsoft hammered with $29 billion back-tax bill https://t.co/B0Wz1wc5BP #Apple
Microsoft reveals IRS notice asking for $28.9 billion in back taxes https://t.co/B2Gdqy8pEW https://t.co/2W3qu9PG41
*MICROSOFT: IRS SEEKS $28.9B PAYMENT FOR 2004 TO 2013 TAXES $MSFT https://t.co/C6Y19CBKbN
IRS SAYS MICROSOFT OWES AN ADDITIONAL $29 BILLION IN BACK TAXES (Reuters) Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. Microsoft said the dispute… https://t.co/izwBJojvQ5 https://t.co/6WqTep7xPp
Microsoft says IRS has demanded $28.9bn in back taxes https://t.co/Qrh59eaLr4 via @FT
Trending: IRS audit finds Microsoft owes nearly $29 billion in taxes, company plans to appeal https://t.co/2R8NIxDTvd
Microsoft vows to fight after IRS slaps it with $29B tax bill https://t.co/bka8norcm2
Microsoft owes $29 billion in back taxes, says IRS https://t.co/9sYAMBnIGm https://t.co/eJnP6FGNrR
Hell no, we won’t pay, says Microsoft as Uncle Sam sends $29B bill for back taxes https://t.co/UwnCx86F4n
Microsoft says IRS has demanded $28.9bn in back taxes https://t.co/VabRXPY1po
Microsoft fights $29 bn US back tax claim https://t.co/SYvQaNk5cR
Microsoft says IRS has demanded $28.9bn in back taxes https://t.co/Gb0kcjsAga
IRS Hits Microsoft With $29 Billion Back Tax Demand https://t.co/LiHz5Rl14l
IRS says Microsoft owes $29 bn in unpaid US taxes https://t.co/fREPgTQnht
Microsoft $MSFT is going to appeal IRS ruling that it owes $28.9 billion of underpaid taxes for the years 2004 to 2013 IRS AI at work...
Ouch: IRS Says Microsoft Owes $29 Billion In Back Taxes https://t.co/6JVgwpH7wO
Microsoft Must Pay $28.9 Billion In Back-Taxes https://t.co/xTREWRbQCl
IRS says Microsoft owes an additional $29 billion in back taxes https://t.co/bt05WLSQru
IRS says Microsoft owes an additional $29 billion in back taxes https://t.co/c6GR1ycWlU
Microsoft says US has asked for $28.9 bln in audit dispute https://t.co/RlnVukk19r https://t.co/lXhej7IMp5
Microsoft plans to appeal a decision by the IRS that the software maker owes at least $28.9 billion in back taxes https://t.co/dl5iQYiWuR
IRS Hits Microsoft With $29 Billion Back Tax Demand https://t.co/Y26RIqTAlT https://t.co/XCydJIFBWx
Microsoft plans to appeal a decision by the IRS that the software maker owes at least $28.9 billion in back taxes https://t.co/NdAIoq8K2l
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. By @hillitech https://t.co/2fku4gcN8J
The IRS says Microsoft owes an additional $28.9 billion in tax for 2004 to 2013. “Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years,” says Microsoft https://t.co/Uj8INMiWog https://t.co/OHgzaCSLf7
IRS audit finds Microsoft owes nearly $29 billion in taxes, company plans to appeal https://t.co/2R8NIxDTvd
Microsoft receives notice from IRS for nearly $29B in back taxes, penalties Nice! Do Elon Musk next.
$MSFT, IRS SEEKS ADDL $28.9B PAYMENT, PLUS FINES/INTEREST
Microsoft says it received Notices of Proposed Adjustment from the IRS for an additional tax payment of $28.9B (CNBC) https://t.co/rezwKcoxKE 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/3WmFg4JDKx
🚨 BREAKING: Microsoft has received a demand from the US tax authority to pay $28.9 billion as outstanding tax liabilities. https://t.co/ox3TS5kSCc
The IRS has stated that from 2004 to 2013, Microsoft, $MSFT, underpaid its taxes by $28.9 billion.
$MSFT | Microsoft Announced Receipt Of Notices Of Proposed Adjustment From Internal IRS For Tax Years 2004-2013 - Says NOPAs Were Received On Sept. 26, 2023, IRS Says Co. Owes An Additional $28.9B In Tax Plus Penalties And Interest
JUST IN: Microsoft $MSFT said the IRS wants them to pay $28.9 Billion plus additional fines and interest for the tax years 2004 to 2013 Microsoft said they disagree with the IRS' audit and will try to fight it and that the process will take several years to complete https://t.co/B5kWwelLDz
JUST IN: Microsoft $MSFT said the IRS wants them to pay $28.9 Billion plus additional fines and interest for the tax years 2004 to 2013 Microsoft said they disagree with the IRS' ruling and will try to fight it https://t.co/6N4qBEfte0
OMG, Microsoft says that the IRS is seeking $29 billion in back taxes after an audit covering 10 years (2004-2013). https://t.co/qerMzu5oIB
*MICROSOFT: IRS SEEKS ADDL $28.9B PAYMENT, PLUS FINES/INTEREST *MICROSOFT ADJUSTMENT FROM IRS FOR TAX YEARS '04 TO '13 Now that's an audit