How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft
How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft
In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.
@vidarh I see this as sound proof that if the IRS has a bigger budget in the near term it will more than pay for itself in the mid term. Defunding the IRS is pure fiscal irresponsibility on the part of conservatives, who are supposed to be all about balancing the budget.
The reality of course, is that the reason they want to go after the IRS is because they don't wan't them to be able to afford to go after the big fish.
Is it irresponsibility if they did it specifically to weaken the IRS so they and their buddies can continue to violate federal laws?
Exactly. If you had a team of 10,000 agents that were paid a $100,000 salary, a case like this would fund the entire team for each agent's near 30 year career. That's assuming for the 30 years, the team did absolutely nothing else.
You just know there are hundreds if not thousands of these cases sitting out there just waiting for someone to take a magnifying glass to.
this is the republican woe vs wade. the only thing worse than legislating taxes is collecting them.
Imagine paying taxes as someone who earns 35.000$ a year, and then these guys try to cheat you out of 29 billion :)