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The Internal Revenue Service says that Microsoft owes around $30 billion in back taxes — which, for those keeping score, is nearly triple what thethat the IRS had sent the company notice that it owes a $28.9 billion tax balance "plus penalties and interest," dating back to a time period between 2004 and 2013.
The tax adjustments, the corporate VP for taxes wrote, are the result of a now-closed IRS audit related to Microsoft's former financial dealings. "We have changed our corporate structure and practices since the years covered by the audit," Goff wrote in the update, "and as a result, the issues raised by the IRS are relevant to the past but not to our current practices."
Up to $10 billion of that bill, the executive continued, could have been covered under payments Microsoft made following the passage of the"Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years,” the company argued in a. “We believe we have always followed the IRS’s rules and paid the taxes we owe in the U.S. and around the world.
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