Microsoft hammered with $29 billion back-tax bill

The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

Microsoft was notified on September 26,2023 via Notices of Proposed Adjustment (NOPA) from the IRS according to an SEC filing. The issues that generated this debt pertains to intercompany transfer pricing.

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