-- a U.S. customer bought software written in the U.S. in a U.S. store and used it in the U.S.
-- "Microsoft US" paid "Microsoft Tax Dodge Inc." a fat fee for the use of the "Microsoft" name, which it had previously sold to "Microsoft Tax Dodge Inc."
-- as a result of these two transactions, no profit was earned in the U.S. but a large profit was "earned overseas"
-- curiously, the particular place where the profit was "earned overseas" does not tax foreign income, meaning no tax will ever be paid on this profit "earned overseas"
This is a definition of "earned overseas" that only a tax accountant would agree with.
If you're new to this discussion of how multi-national corporations avoid taxation, you probably should avoid posting on the subject until you're up to speed.
Microsoft is - after finagling - showing billions of dollars in annual profits in a Bermuda subsidiary consisting of some paperwork in a lawyer's office. (And they are far from the only offender.) No, this isn't because Microsoft is selling billions of dollars worth of MSOffice in Bermuda.
Your reading comprehension is really embarrassingly limited, since both links are all about Microsoft and other companies doing that. Or I suppose you are just lying in order to troll. Not sure what the point of continuing here is; you are not entitled to your own facts.
Microsoft is so notorious for their abuse that they're attracting congressional reports on the issue:
Comments
By "earned overseas", it is meant:
-- a U.S. customer bought software written in the U.S. in a U.S. store and used it in the U.S.
-- "Microsoft US" paid "Microsoft Tax Dodge Inc." a fat fee for the use of the "Microsoft" name, which it had previously sold to "Microsoft Tax Dodge Inc."
-- as a result of these two transactions, no profit was earned in the U.S. but a large profit was "earned overseas"
-- curiously, the particular place where the profit was "earned overseas" does not tax foreign income, meaning no tax will ever be paid on this profit "earned overseas"
This is a definition of "earned overseas" that only a tax accountant would agree with.
That is not true at all. Microsoft actually sells things in other countries...imagine that...
If you're new to this discussion of how multi-national corporations avoid taxation, you probably should avoid posting on the subject until you're up to speed.
http://en.wikipedia.org/wiki/Double_Irish_arrangement
Microsoft is - after finagling - showing billions of dollars in annual profits in a Bermuda subsidiary consisting of some paperwork in a lawyer's office. (And they are far from the only offender.) No, this isn't because Microsoft is selling billions of dollars worth of MSOffice in Bermuda.
http://www.businessweek.com/articles/2014-03-20/companies-of...
None of those links accuse Microsoft of that.
Edit: if you want to point out something that does, feel free, but don't sling mud without.
Your reading comprehension is really embarrassingly limited, since both links are all about Microsoft and other companies doing that. Or I suppose you are just lying in order to troll. Not sure what the point of continuing here is; you are not entitled to your own facts.
Microsoft is so notorious for their abuse that they're attracting congressional reports on the issue:
http://www.businessinsider.com/apple-microsoft-avoids-taxes-...