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They have ~$35 billion in cash per their cash flow statement: https://finance.yahoo.com/quote/MSFT/cash-flow?p=MSFT They could in effect write a check today for it.
LOL, like they would ever do that! They will make MS customers pay for it, if they can't convince the IRS to lower the bill significantly, which they probably can.
Wow. “The IRS says Microsoft owes an additional $28.9 billion in tax for 2004 to 2013, plus penalties and interest.” No wonder why they’re talking about charging for windows 12 features, has to come from somewhere!
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But I bet a lot of that is in long term treasuries which, if you want to use them as legal tender, are kinda down in price right now (if you don't hold them til maturity). And if they need to take a loan to pay it, those bonds are going to be at fairly high rates. Overall, it's gonna be a stock price haircut for sure. I'm guessing at least 10-20% because of all the money they could have MADE with that money.
Random googling finds “Cash equivalents are any short-term investment securities with maturity periods of 90 days or less.” They have $35 billion in Cash & Cash Equivalents.
>As of September 30, 2023, we believe our allowances for income tax contingencies are adequate. We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRS’s administrative appeals office and, if necessary, judicial proceedings. We do not expect a final resolution of these issues in the next 12 months. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months.
Maybe it's because they won't face the music for at least a year.
Wow. “The IRS says Microsoft owes an additional $28.9 billion in tax for 2004 to 2013, plus penalties and interest.” No wonder why they’re talking about charging for windows 12 features, has to come from somewhere!
They have ~$35 billion in cash per their cash flow statement: https://finance.yahoo.com/quote/MSFT/cash-flow?p=MSFT They could in effect write a check today for it.
“Many large multinationals use cost-sharing because it reflects the global nature of their business.” A comparable example might be Apple, where sales of my (american) app being sold from (american) servers somehow curiously involves the Republic of Ireland and their low corporate tax rates…
(It also carries on these some of these functions in Ireland, as it happens, and pays a ton of tax at the relatively high income tax rates there.)
It's frankly curious to me when a multinational chooses to base itself anywhere less favourable.
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> They are now going through and downvoting my entire post history lmao. No one can downvote your entire post history unless all your posts are from the past 24 hours. Downvoting is disabled after the 24-hour mark.
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