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+ - Microsoft Admits Keeping $92B Offshore to Avoid Paying $29B in US Taxes-> 3

Submitted by walterbyrd
walterbyrd (182728) writes "Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company’s most recent annual filings with the Securities and Exchange Commission. The amount of money that Microsoft is keeping offshore represents a significant spike from prior years, and the levies the company would owe amount to almost the entire two-year operating budget of the company’s home state of Washington."
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Microsoft Admits Keeping $92B Offshore to Avoid Paying $29B in US Taxes

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  • I'm no fan of taxes, especially income tax, but still see it as a means to an end. I pay taxes, Microsoft should too. If I don't pay taxes, I can go to jail. Microsoft gets a free pass due to loopholes and tax shelters. This needs to end.

Today's scientific question is: What in the world is electricity? And where does it go after it leaves the toaster? -- Dave Barry, "What is Electricity?"

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