Was Microsoft Forced To Pay $136M In Back Taxes In China?

Posted by samzenpus on Wednesday November 26, 2014 @07:42AM from the pay-up dept.

itwbennett writes China's state-controlled Xinhua News Agency said on Sunday that an unnamed international company was forced to pay 840 million yuan ($136 million) in back taxes, as part of a Chinese government crackdown on tax evasion. The Xinhua article simply referred to it as the "M company," describing it as a top 500 global firm headquartered in the U.S. that in 1995 set up a wholly owned foreign subsidiary in Beijing. The details match Microsoft's own background, and no other company obviously fits the bill. Xinhua added, that despite the company's strengths, its subsidiary in China had not been not making a profit, and posted a loss of over $2 billion during a six-year period.

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In return.... by Rick+Zeman · 2014-11-26 07:55 · Score: 4, Insightful

Microsoft should send the Chines Gov't a $136M bill for piracy.
Other 'M' companies by Sez+Zero · 2014-11-26 09:58 · Score: 4, Insightful

McDonalds' was in China in the 90's. There are dozens of other M companies in the Fortune 500. I'm surprised only one fits the profile. Merck, MorganStanley, McKesson, Monsanto, Marriott, Manpower, MGM Resorts, Micron, etc. That was the time to setup in China, I wouldn't be surprised if it was something like MRC Global, Inc and the MS hint was dropped just for headlines.