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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS (appleinsider.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

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[–] LifeInMultipleChoice@lemmy.world 7 points 1 year ago

I'd like to agree but it is not illegal to not pay your taxes. It is illegal to not file your taxes. So if you file your taxes and owe $5,000, you can't go to jail/prison for not paying it.