The Internal Revenue Service (IRS) has claimed that Microsoft owes $29 billion in back taxes, following an audit into the company's finances. The IRS alleges that Microsoft not only owes the original sum but also penalties and interest. Microsoft, however, maintains its innocence and is prepared to challenge the decision. This tax dispute between Microsoft and the IRS has attracted significant attention, with multiple tech news outlets reporting on the issue. The claim by the IRS has raised concerns about the financial impact on Microsoft and its reputation as a leading tech company.
The IRS Says Microsoft Owes More in Back Taxes Than It Invested in OpenAI https://t.co/X6lWzgAx3V
Microsoft is grappling with a colossal tax bill. https://t.co/S1qqCoph1n
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
OpenAI's revenue on track to reach $1.3 billion this year: Report ChatGPT developer OpenAI is reportedly going to make $1.3 billion in revenue this year, according to its CEO Sam Altman, amid reports that the AI company is witnessing a slowdown in sales. https://t.co/KVn199qqDn
OPENAI’S REVENUE CROSSED $1.3 BLN ANNUALIZED RATE, CEO TELLS STAFF - THEINFORMATION
Microsoft says the IRS is overcharging it by nearly $30 billion https://t.co/dvI181myx0
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
Sources: Sam Altman told staff that OpenAI is generating revenue at a pace of $1.3B a year, implying it is generating $100M+/month, up 30% from three months ago (@amir / The Information) https://t.co/d3p9eXqmB4 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/35HJolTgLA
Microsoft $MSFT backed OpenAI is reportedly now generating revenue at a pace of $1.3 Billion a year up 30% from what was reported in late August - The Information https://t.co/u8lYCUgZ87
OpenAI is now generating revenue at a pace of $1.3 billion a year, up 30% in just the past three months. https://t.co/oLpp9s6SGd Exclusive from @amir
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