Slashdot Mirror
Microsoft To Get $100M Annual Tax Cut and Amnesty
reifman writes "Despite a $2.8 billion deficit, Washington State's House Bill 3176 would provide Microsoft with an effective $100 million tax cut annually and possible amnesty on its $1.27 billion Nevada tax maneuverings. Under current law, all of Microsoft's worldwide licensing revenues of approximately $20.7 billion annually are taxable at .484 percent. Under the new law, only the portion of software licenses sold to Washington state customers would be taxable. Ironically, after slashing Microsoft's tax burden, HB3176 directs the Department of Revenue to crack down on 'abusive tax transactions' like those in Nevada — except for a loophole that may provide Microsoft amnesty on its twelve year practice. The bill's lead sponsor is Ross Hunter of Medina, home to Bill Gates and a number of current and former Microsoft billionaires and multi-millionaires, and other areas around Microsoft's corporate campus."
Our system of government may not be the best, but it's the best that money can buy!
I have no objection to the government taxing my income at 0.484%
93rd rule of Slashdot: No matter how obvious my sarcasm is, my comment will be taken seriously by someone.
X:How can you shoot women and children?
AM:It's easy. You just don't lead them as much.
That explains why MS software is so sub-par and MS advertising is so laughably terrible... it's all being written and designed by secretaries and janitors...
I support the Slashcott and will not be reading or commenting from 2/10/14 to 2/17/14. Beta is steaming pile of dog shit
Actually.. I think it's being designed by secretaries, and written by armies of trained monkeys.
Which explains the bugs.
The janitorial work was outsourced to a contracter that is (secretly) owned by a competitor, a long time ago.