According to a report by The New York Times, Microsoft’s compliance filings reveal that the company utilizes transactions between its various subsidiaries to move profits and lower its tax obligations in Europe. The tech giant consistently records higher earnings in regions with lower tax rates while reporting smaller profits in countries where taxes are higher. For instance, Microsoft attributed almost 40% of its worldwide income to Ireland, which has favorable tax policies, compared to just 0.5% in Germany, despite it being Europe’s biggest market with much steeper tax rates.

by shortkt.com✓

6 घंटे पहले