Microsoft Tax Dodge At Issue In Washington State

newscloud writes "With Washington State facing a billion-dollar biennial budget deficit, the spotlight again shifts to Microsoft's software licensing office in Reno, Nevada. 'Although the majority of its software development is performed in Washington State, Microsoft records its estimated $18 billion in licensing revenue per year through a corporate office in Reno, Nevada where there is no licensing tax. Just by enforcing the state's existing tax law from 2008 onwards, we could reduce Washington's revenue shortfall by more than 70 percent. Alternately, we could pursue the entire $707 million from Microsoft's thirteen years of tax dodging and cover most of the expected deficit going forward.' We have discussed Microsoft's creative capitalism in the past."

Comments

Enough

[Parker Lewis]

This is enough cash to cover the chair throwing hidden cost.

You know what's worse than the MS tax?

[Anonymous Coward]

Cory Doctorow's Drew Carey-impression of a haircut.

Re:Disappointing though it may be...

[TheGratefulNet]

Companies aren't just a piggy bank to be raided at will.

correct, that is reserved for the non-rich ordinary working joe. his bank is fair game to be raided by the gov.

(what, you think you and your kids and your kids' kids won't be paying the 'bush war' tax the next few decades?)

Re:Disappointing though it may be...

[CrimsonAvenger]

(what, you think you and your kids and your kids' kids won't be paying the 'bush war' tax the next few decades?)

And I'll be paying the "Obama" taxes far longer.

Note that Obama's own budget guys are expecting to run deficits in his first four years (excluding the Stimulus package and bailouts, mind you) that will be larger than the total deficits of Bush's eight years.

It's official

[cbraescu1]

Now it's official: kdawson is the new jonkatz - only more annoying and more to the extreme left!