Microsoft Has $93 Billion Overseas And Doesn’t Pay Taxes On It
Microsoft holds $92.9 billion of earnings in accounts outside of the United States, saving the company almost $30 billion in taxes. The move helps companies avoid paying those sums to Uncle Sam. A report by the International Business Times found that the amount represents a significant increase from past years. Corporate taxes have also been a point of contention between in the political world, with conservatives seeking to ease tax burdens on U.S.
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