›

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Quick Links

Microsoft evades $200 million a year in taxes through luxmebourg tax evading scheme.

CalmOceansCalmOceans Member UncommonPosts: 2,437
in Off-Topic Discussion

http://www.dailymail.co.uk/news/article-2245412/Microsoft-avoids-paying-159MILLION-corporation-tax-EVERY-YEAR-using-Luxembourg-tax-loophole.html

 

Microsoft pays no tax on £1.7billion of online sales in the UK thanks to a legal loophole, it has been reported.

The technology monolith is funnelling cash generated by online sales of Windows 8 software to Luxembourg to sidestep tax obligations, according to The Sunday Times.

If the allegations are true the company will join a growing number of foreign companies coming under scrutiny for avoiding UK tax, such as Amazon, Apple and Google. Earlier this week coffee chain Starbucks caved to public fury and announced it would pay Her Majesty’s Revenue and Customs to pay £20million over the next two years.

 

 

Comments

  • GruntyGrunty Member EpicPosts: 8,657
    Pretty much standard for major corporations.  Dell has $16 billion cash outside the U.S. They want to use it to take themselves private. The problem they face is they will have to pay U.S. income taxes on their foreign profits if they attempt to bring it into the U.S. to buy enough stock to take them private.
    "I used to think the worst thing in life was to be all alone.  It's not.  The worst thing in life is to end up with people who make you feel all alone."  Robin Williams
Sign In or Register to comment.