Microsoft owes $29 billion in back taxes plus penalties and interest to IRS
appleinsider.com
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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That's a pretty penny.
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.
It's still way more than "none". Let's not let perfect be the enemy of good.
I didn't believe you so I looked it up. You're wrong. Their gross profit is over 4x that amount in 2023.
That's not wrong then. 4 times is more than double.
I got my number from the article that was posted.