Microsoft Owes $1 billion in Europe's TaxesAdded: Tuesday, March 19th, 2013
Category: Recent Headlines Involving File Sharing > Ridiculous Criminal Trials
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It recently turned out that Steve Ballmer had skimped on paying Danish taxes called Danegeld. The latter is what civilized nations pay to the government in order to make sure that they don’t get invaded by Vikings. They say that the last person in England who avoided paying these taxes was Aethelred the unready, and it didn’t end well for him.
According to the local press, Microsoft owes the Danish Treasury about a billion dollars in what appeared to be its largest tax avoidance case. In the meantime, the country’s government is trying to work out a way of getting its paws on its money without having to pillage New York, like it did plain old York. If Denmark manages to squeeze the cash out of the software giant, it could finance a new super hospital, build the next Silkeborg Motorway or pay salary to 15,000 teachers.
Everything started when the software giant acquired the Danish IT outfit Navision. Microsoft set the price of the rights to the Navision program much lower than the market level and finally let its Irish subsidiary purchase the rights of its Danish subsidiary.
In other words, the value of the Danish company was made too small to be taxed. Indeed, if the software company had its way it would get a refund. The statistics say that Microsoft’s Danish subsidiary previously earned $11 billion, which means the taxes due should be almost $5 billion plus interest of $0.8 billion. But Ireland taxes are much lower than those of Denmark.
In response, Microsoft claims it has obeyed all the rules, but the company received a nasty surprise after it got its tax bill and a following Danish investigation. Apparently, the software giant has done a sterling job to hide its money from the tax authorities for years now and managed to exploit every loophole it could find. Nevertheless, with most European countries short of cash, and other tax payers bled dry, multinational corporations are supposed to finally be told to stop being bludgers. Let’s see if there’s any result.
March 19th,2013Posted by:
Tuesday, March 19th, 2013
|I wish i earned enough to have an accountant as good and creative as companies like Microsoft|
|posted by (2013-03-20 02:59:17)|
|posted by (2013-03-20 10:45:54)|
|Microsoft bought the company in 2002 for $1.5 billion totaly microsoft owe 5.8 billion kroner, or about $1 billion U.S.|
|@taker how do you come up with Kroner? I did not see kroner anywhere in the article, second If I was microsoft I would not pay almost 50% tax! I have not researched this article but as it reads This is the info I am looking at. I am no fan of any corporations but if you make laws that have loop holes usually because your politicians designed them for themselves, screw you, you get what you get. This taxing business has gotten way out of hand anyway. The economies all around the world are dying from hidden and over taxation, I just do not understand how people actually preach taxes and more taxes to make the economy better?!?! Lets look at the name itself and the meaning TAX to tax something, means to slow or take away, to inhibit. No government have ever been transparent with the money they spend on taxes. I think everyone every corporation every single person should decide a day and stop paying. form a true union of the people and say bug off you turds.|
|posted by (2013-03-20 21:05:06)|
|dude i know its Kroner. i live in sweden thats less then 3 hour from denmark i follow this storie when it hit 14 days ago thats why.|
|PLEASE TELL ME SOMETHING I DON'T KNOW. WE LIVE IN A WORLD OF CORRUPTED GOVRENMENT. ONLY RICHIES GET BREAKS, POORS DON'T.|
|posted by (2013-03-21 04:05:19)|
|f(uc)K eXtra torrent|
|posted by (2013-03-21 06:39:18)|
|@[Torrentswhereisreal123nothing about CORRUPTED GOVRENMENT in this cage]. gsh why talk sh1t when clearly got no clue or follow the cage.pffgot nothing to do with that.its to do with microsoft thinking they can out smart the danish tax system etc.|
|posted by (2013-03-21 07:55:00)|
I guess you see it as Microsoft thinking they can out smart the danish tax system etc. Fair enough.
But I see it as government greed and over-reach hitting up Microsoft the same way organized crime forces businesses to pay for protection. What gives the government the right to confiscate half of a company's profits? All the politicians around the world are trying to find new sources of revenue when the real problem is overspending.
|posted by (2013-03-21 11:41:27)|
|well dude your wrong in this cage its nothing to do with that. nr2 its like i bye lets say microsoft for 10000 billion.then sell it to you for 1 $.its like this they soled it for what its way under to pay less tax..nothing about see its about fact.probaly wont find a other palce in the world with more easy less tax etc then denmark.but you got to pay what rules regulation etc. say..no buts no ifs..like i said i follow this cage since it broke out 14 days ago.i live close to denmark.its like news still lol.|
this is what the tax is about
[Everything started when the software giant acquired the Danish IT outfit Navision. Microsoft set the price of the rights to the Navision program much lower than the market level and finally let its Irish subsidiary purchase the rights of its Danish subsidiary] nothing else. microsoft cheate got caught pay up or shut up.
|Just dont get it do you,it has nothing to do with microsoft as a name, or any other company for that matter, these systems were set up by the governments politicians in the first place to allow this to happen. Why? because politicians use these loop holes to inside trade and do the same things. I dont care what company or person does this, if you allow the "loopholes" which are very deliberate! then you deserve what you get, like the old saying goes dont dish out what you cant take.|
|posted by (2013-03-22 18:34:55)|
|no politicians used any looophole. in this cage.|
|posted by (2013-03-23 10:57:15)|
|why do you think.when get the right answer i belive you will be allowed to keep it|
|so microsoft will soon be retailing home premium or ultimate smoked back bacon, in x64 or x86 packs lol||
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