Microsoft receives Notices of Proposed Adjustment from the IRS for an additional $28.9B tax payment; Microsoft plans to appeal, a process expected to take years
Microsoft CEO Satya Nadella arrives at federal court on October 2, 2023 in Washington, DC. Nadella is testifying …
CNBC Jake Piazza
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Discussion
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@daveleebbg
Dave Lee
on threads
Certainly puts that letter I got from the IRS three weeks ago into perspective
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@bdsams
Brad Sams
on x
TLDR: - This is related to transfer pricing (a classic in corp finance) - This will not get resolved anytime soon and will be fought in court for many (many) years
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@mgsiegler
M.G. Siegler
on x
Who amongst us...
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@fosspatents
Florian Mueller
on x
State aid is a field of competition law like merger control. Now, the U.S. case is purely about transfer pricing. The way it works legally is that there is a range of what would be “arm's length” pricing (i.e. what total strangers might agree upon). 🧵2/2
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@fosspatents
Florian Mueller
on x
Vestager wanted to Apple to pay $13B to the Irish tax authority (which declined) and lost the first appeal, as I had predicted in several blog posts. But that was an overly ambitious attempt to make Ireland's low taxes a “state aid” issue. 🧵1/2
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r/microsoft
r
on reddit
IRS says Microsoft owes an additional $29 billion in back taxes
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r/Superstonk
r
on reddit
Looks like some sort of bill has finally come due.
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r/news
r
on reddit
IRS says Microsoft owes an additional $29 billion in back taxes
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r/wallstreetbets
r
on reddit
IRS says Microsoft owes an additional $29 billion in back taxes