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For Microsoft, $93B Abroad Means Avoiding $30B Tax Hit

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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  1. Re:Don't feed the parasites! by Nimey · · Score: -1, Offtopic

    American Third Position is a white-supremacist party. Above poster is therefore inherently advocating racism.

    http://www.splcenter.org/get-i...
    https://en.wikipedia.org/wiki/...
    http://american3rdposition.com...

    Racism, anti-Semitism, sexism, homophobia, far-right Christianity.

    --
    Hail Eris, full of mischief...

    E pluribus sanguinem