Microsoft in $29bn back taxes dispute in US
Microsoft in $29bn back taxes dispute in US
The IRS has been auditing how the firm allocates profits among countries and jurisdictions.
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M$ is worth ~$2.5T
They can afford to not give a fuck about $29B, but you just know they aren't going to pay that full amount in the end.
29 Billion represents roughly 20% of their annual Gross Profit. That's a serious chunk of change, even for them.
Their market cap isn't really relevant, it's not like that "value" is accessible to them, much less usable to pay their bills.
Ohh no not this money, this is set aside for buying every other corporation ever.
They can actually issue stock at the market rate to finance shit.
Damn! I thought it was something like $50B. I mean, that sounds like a really huge amount.