this post was submitted on 12 Oct 2023
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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS (appleinsider.com)
submitted 1 year 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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[–] ram@bookwormstory.social 42 points 1 year ago (5 children)

That's a pretty penny.

[–] M500@lemmy.ml 50 points 1 year ago (4 children)

Yeah but they eared more than double that in profit in their 2023 year. This is taxes over a 20 year period.

In this context it does not seem like it’s too much.

[–] Alexstarfire@lemmy.world 8 points 1 year 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 1 year ago

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

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