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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS (appleinsider.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

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[–] Alexstarfire@lemmy.world 8 points 11 months ago (2 children)

I didn't believe you so I looked it up. You're wrong. Their gross profit is over 4x that amount in 2023.

[–] SadSadSatellite@sh.itjust.works 16 points 11 months ago

That's not wrong then. 4 times is more than double.

[–] M500@lemmy.ml 4 points 11 months ago

I got my number from the article that was posted.