Microsoft has made known it will fight a United States (US) tax authority’s request to pay an additional $28.9bn in back taxes for the years 2004 to 2013.
 |
| Microsoft Logo. Photo: Reuters |
According to bbc.com:
The Internal Revenue Service has been auditing how the firm allocates profits among countries and jurisdictions.
But Microsoft said “the issues raised by the IRS are relevant to the past but not to our current practices”.
There have long been concerns that the biggest corporations do not pay enough tax in developed nations.
Tech giants have been criticised for reporting lower profits in high-tax countries and higher profits in lower-tax jurisdictions to minimise their tax burden.
