Microsoft received notice from the US Internal Revenue Service (IRS) that the company had not paid taxes on approximately $29 billion. Web site companies.
We are talking about the period between 2004-2013. Microsoft received a notice from tax authorities on September 26 this year, asking the company to pay $28.9 billion in fines and interest.
“We do not accept the proposed changes and will vigorously oppose NOPA through the IRS Administrative Appeals Service and, if necessary, through litigation. “We do not expect a final resolution of these issues within the next 12 months,” Microsoft said.
The company explained that the dispute with tax authorities arose from how Microsoft distributed profits across countries and jurisdictions during this period.
The appeals process will take several years, and if Microsoft cannot reach a direct agreement with the IRS, the company will have the opportunity to challenge the unresolved issues in court.
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