Microsoft owes $29bn in back taxes, says US tax body
Shortpedia
Content Team
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The Internal Revenue Service (IRS) in the US has revealed that Microsoft owes a whopping $28.9 billion in back taxes, penalties, and interest for the tax years between 2004 and 2013. This news has been disclosed in a Securities and Exchange Commission (SEC) filing. It has raised eyebrows as it underscores the complicated nature of international tax arrangements and sparks discussions about corporate tax practices.
