{"id":86159,"date":"2023-10-12T02:15:26","date_gmt":"2023-10-12T06:15:26","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86159"},"modified":"2023-10-12T01:47:56","modified_gmt":"2023-10-12T05:47:56","slug":"irs-says-microsoft-owes-an-additional-29-billion-in-back-taxes","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2023\/irs-says-microsoft-owes-an-additional-29-billion-in-back-taxes.html","title":{"rendered":"IRS says Microsoft owes an additional $29 billion in back taxes"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\">Microsoft<\/a> received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an <a rel=\"noreferrer noopener\" href=\"https:\/\/microsoft.gcs-web.com\/node\/31951\/html\" target=\"_blank\">8-K filing Wednesday<\/a>. Microsoft said the dispute concerns the company\u2019s allocated profits between countries and jurisdictions between 2004 and 2013. It said up to $10 billion in taxes that the company has already paid are not reflected in the proposed adjustments made by the IRS.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/10\/11\/irs-says-microsoft-owes-an-additional-29-billion-in-back-taxes.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Microsoft received Notices of Proposed Adjustment from the Internal Revenue Service for an additional tax payment of $28.9 billion, the company said in an 8-K filing Wednesday. Microsoft said the dispute concerns the company\u2019s allocated profits between countries and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86159","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86159"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86159\/revisions"}],"predecessor-version":[{"id":86160,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86159\/revisions\/86160"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}