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Microsoft Owes $29 Billion in Back Taxes

UltraMega

By UltraMega
in Journalism & Entertainment

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UltraMega

UltraMega

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the software giant announced it’s currently on the hook to pay $28.9 billion in back taxes following an IRS audit. The federal agency has been examining Microsoft’s finances for the period between 2003 and 2014, and its investigation found that the company owes the staggering sum, plus penalties and interest. 

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apple-touch-icon.png Ouch: IRS Says Microsoft Owes $29 Billion in Back Taxes

WWW.PCMAG.COM
The company also needs to pay penalties and interest on the amount. But Microsoft plans on challenging the...

 

 

 

Sounds like those extra IRS employees are doing their job. I wonder what other big companies will end up with big fines. 

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