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Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

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Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#251

Post by sitkack »

fallingknife wrote: post #215
jimbob21 wrote: post #204

Earlier quoted context omitted.

[flagged]

Don't worry. Arrogant traders who have 20/20 hindsight for "obvious" trades always get theirs sooner or later. Usually sooner.

It doesn’t sound like you’re comprehending the level of reading comprehension that dragon tamer is capable of. They can literally read a sentence, understand it, and then take action, making easy profit.

Which in the context of modern anti-intellectualism makes a lot of sense it’s not unlike calling Y equals MX plus B machine learning. Soon arrogance will mean being able to form a complete sentence.

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#252

Post by coldpie »

talent_deprived wrote: post #247

[flagged]

I know you're trolling, but for any other readers who are curious, this is happening now because of increased funding at the IRS from the IRA that was passed in 2022, with part of the funding directed to performing audits on the highest earners. Prior to the IRA, the IRS didn't have the funds to fight Microsoft's lawyers on this issue. Now, they do.

> The effort, building off work following last August's IRA funding, will center on adding more attention on wealthy, partnerships and other high earners that have seen sharp drops in audit rates for these taxpayer segments during the past decade.

> "The years of underfunding that predated the Inflation Reduction Act led to the lowest audit rate of wealthy filers in our history," said IRS Commissioner Danny Werfel.

https://www.irs.gov/newsroom/irs-announces-sweeping-effort-t...

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#253

Post by bmitc »

londons_explore wrote: post #151
pavlov wrote: post #149

The infraction happened in 2004-2013. So that would be over three billion dollars per year. Microsoft’s operating income in fiscal year 2005 was about $15B and in 2013 almost $27B. So you can kind see where the IRS is getting this number: if they believe that Microsoft evaded tax worth about 10-15% of its earnings before taxes, that’s how it would add up to this whopping sum. It seems like Microsoft believes they can…

> The stock price doesn’t seem to be hurting pre-market at all. Big investors will have eyes and ears inside the IRS, so will have known for years about this already.

That's insider trading.

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#254

Post by JKCalhoun »

thurn wrote: post #245

Transfer pricing is sort of just a pile of black magic. Microsoft's American business is required to charge their European subsidiary some "fair market price" for the Windows intellectual property, but what is a fair price for a license to sell Windows on the European continent? Unlike with fungible goods, there is no established market for this product that the IRS can easily refer to. In this case Microsoft is sayi…

Is this basically the Double Irish With a Dutch Sandwich?

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#255

Post by stainablesteel »

thurn wrote: post #245

Transfer pricing is sort of just a pile of black magic. Microsoft's American business is required to charge their European subsidiary some "fair market price" for the Windows intellectual property, but what is a fair price for a license to sell Windows on the European continent? Unlike with fungible goods, there is no established market for this product that the IRS can easily refer to. In this case Microsoft is sayi…

this sounds complicated, does this sort of thing work in reverse for things "developed" in the EU and used in the US?

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#256

Post by aifsognionio »

kllrnohj wrote: post #239
aifsognionio wrote: post #234

Earlier quoted context omitted.

>iirc he could still have pulled out by paying "only" a couple billion dollars in fines or something. He couldn't have. That clause protected Twitter, not him. It ensured Twitter would still get something in case outside forces, like government regulators or financing falling through, prevented the deal. It did not give Musk the right to pay a penalty and back out. Twitter explicitly reserved the right to sue for spe…

> and the papers were not willing enough to call "bullshit" on the front page. The truth was out there but hardly staring you in the face. It kinda was, though. A bunch of lawyer-reacts at the time basically were "this isn't financial advice, but lol Musk is fucked and the Delaware court doesn't screw around or delay"

[flagged]

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#257

Post by Drakim »

kylebenzle wrote: post #191
brianwawok wrote: post #181

Earlier quoted context omitted.

That’s why a scam startup is able to rocket as soon as 1 named investor signs on. See the juice squeezing bag company etc.

Hey Juicearoo was a great product! It solved the problem of me having a bag of juice and needing to get the juice out.

They should simply have gone the the industry standard route and lobbied to make it illegal to squeeze the bags by hand.

Re: Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

#258

Post by malfist »

londons_explore wrote: post #151
pavlov wrote: post #149

The infraction happened in 2004-2013. So that would be over three billion dollars per year. Microsoft’s operating income in fiscal year 2005 was about $15B and in 2013 almost $27B. So you can kind see where the IRS is getting this number: if they believe that Microsoft evaded tax worth about 10-15% of its earnings before taxes, that’s how it would add up to this whopping sum. It seems like Microsoft believes they can…

> The stock price doesn’t seem to be hurting pre-market at all. Big investors will have eyes and ears inside the IRS, so will have known for years about this already.

Are you really suggesting that investors run spy networks and that they spy on the IRS?
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