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Earlier quoted context omitted.
The back taxes add up to about 1.2% of Microsoft's current market cap, and it looks like the stock is down roughly 0.6% in after-hours trading. So I guess the market collectively estimates MS will end up owing about half of that amount.
Or, the number is only slightly higher than investors inspected. I assume this isn't the first news of this issue with the SEC and news like this was already priced-in to the stock.
Earlier quoted context omitted.
At one point, it wasn’t an Irish company. Now technically the American company sold or transferred its IP to the Irish company. But it did so as a fiction, to avoid taxes, and neither I nor a government I help elect are obligated to honor that fiction.
That tax break "Double Irish Dutch Sandwich" is being phased out. It involves both those countries with one of the Irish companies managed out of Bermuda. It has shifted to other schemes now. https://en.m.wikipedia.org/wiki/Double_Irish_arrangement
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Surely there's a better way. This seems... arbitrary.
If Microsoft is getting busted, it’s not arbitrary. They just dodged their taxes poorly.
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Surely there's a better way. This seems... arbitrary.
As I don't own any Microsoft stock and I don't use their products and I stand to slightly benefit (in my career) from them having less money, I don't have any moral issues with this SEC filing.
Wonder why the stock hasn't taken a huge hit after the news. $28.9bln sounds like a lot. Maybe investors think MS will find a way to reduce the amount or pull of an extremely long term repayment plan? >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 of…
The back taxes add up to about 1.2% of Microsoft's current market cap, and it looks like the stock is down roughly 0.6% in after-hours trading. So I guess the market collectively estimates MS will end up owing about half of that amount.
Earlier quoted context omitted.
Surely there's a better way. This seems... arbitrary.
Grabbing dodged taxes from corporations is somewhat arbitrary, in that it doesn’t happen because republicans keep defunding the IRS, which is a major issue because nabbing tax dodging corporations has a massive return on investment. If Microsoft is getting busted, it’s not arbitrary. They just dodged their taxes poorly.
Exactly.
Isnt the statute of limitations for collecting taxes 10 years? 2004 is 19 years...