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Microsoft is Currently Being Audited By the IRS

Microsoft is Currently Being Audited By the IRS

Author: Frank L. BrunettiDate: January 14, 2015

The IRS is suing a number of former and current executives of Microsoft in a bid to force them to testify in an investigation into the company's corporate tax practices.

According to The Seattle Times, at issue is whether the company is following corporate tax law in its practices of transferring the rights to its software to various subsidiaries in countries and territories of the U.S. with low taxes. This practice is commonly used by multinational corporations with valuable intellectual properties, and reportedly had "billions of dollars of impact" on Microsoft's taxable income between 2004 and 2006, according to the lawsuit being brought by the IRS.

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