Microsoft Disclosure Provides Rare Glimpse of Tax Haven Tactics
Corroborated by 2 sources from 2 publishers
globalpolitics6h ago
TL;DR
Microsoft Disclosure Provides Rare Glimpse of Tax Haven Tactics A new compliance report shows the disconnect between where it makes its money, and where it pays its taxes. A new mandatory compliance report released by Microsoft shows how it declares profits in different European nations to reduce its tax bill, The New York Times reports. The document reveals that the software giant reports high income in regions where taxes are low and reduced profits in countries where rates are higher.