IRS says Microsoft owes an additional $29 billion in back taxes
Publishing timestamp: 2023-10-11 17:08:51
Summary
Microsoft has been notified by the IRS that it owes an additional $28.9 billion in back taxes. The company disagrees with the claims and plans to contest them through the IRS' administrative appeal process, which could take several years. Microsoft believes it has followed the IRS rules and paid the taxes it owes.
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Tickers: MSFT,
Keywords: taxes, breaking news: technology, microsoft corp, business news, internal revenue service, satya nadella,
Source: https://www.cnbc.com/2023/10/11/irs-says-microsoft-owes-an-additional-29-billion-in-back-taxes.html