levin

According to a new report, over the past three years Microsoft has used a series of complex financial maneuvers to avoid paying billions of dollars in U.S. taxes. The report is part of a United States Senate investigation. A Senate committee memo ... indicates that Microsoft made transactions with subsidiary firms in other countries -- including Puerto Rico, Singapore, Bermuda, and even Ireland -- to save more than $6 billion it would otherwise have owed to the Internal Revenue Service (IRS). Corporate Tax Tricks "Exact a Tremendous Cost" The memo also indicates that major PC maker ... (view more)