Microsoft To Appeal Against $29B US Tax Claim By IRS
Portfolio Pulse from Benzinga Neuro
Microsoft Corp. (NASDAQ:MSFT) is appealing against a $28.9 billion tax liability claim by the U.S. Internal Revenue Service (IRS). The dispute is related to the allocation of income and expenses among Microsoft’s global subsidiaries from 2004 to 2013. Microsoft argues that changes in its corporate structure and practices make the IRS's claims irrelevant to current operations.
October 12, 2023 | 7:54 am
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Microsoft is appealing against a $28.9 billion tax liability claim by the IRS. The outcome of this appeal could have financial implications for the company.
The tax dispute with the IRS could potentially lead to a significant financial liability for Microsoft. If the appeal is unsuccessful, the company may have to pay up to $28.9 billion, which could negatively impact its financial position and potentially its stock price in the short term.
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