The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that 'since 2004, we have paid over $67 billion in taxes to the US.' The accounting practices of US big tech companies have long posed a problem for authorities.
The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.
"We disagree with the proposed adjustments and will vigorously contest the through the IRS's administrative appeals office and, if necessary, judicial proceedings," the company said in its filing to the US markets authority. Microsoft said that the appeal process with the IRS would take years and if it failed, the company would fight the claim in the courts.
"We have changed our corporate structure and practices since the years covered by the audit, and as a result, the issues raised by the IRS are relevant to the past but not to our current practices," it said.Governments have accused companies such as Apple, Amazon or Microsoft of shifting revenue through low or zero tax jurisdictions in order to escape taxation in their main markets and maximize profits.
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