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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."
You should walk around Microsoft and see just how much they hate Americans. As the only non-Indian on my team, it's sad to see that the company would rather hire idiots just because they're Indian rather than hire competent people. It's destroying the company. Also, since upper management is mostly Indian and the CEO is Indian, it's nearly impossible now for a white person to get a promotion. That's why the people that have experience here and have been here for longer than a decade are leaving in droves. If you think our software is bad now, just wait five years.