Microsoft Tax Dodge At Issue In Washington State

Teknoloji

23 Sep 2009

newscloud writes “With Washington State facing a billion-dollar biennial budget deficit, the spotlight again shifts to Microsoft’s software licensing office in Reno, Nevada. ‘Although the majority of its software development is performed in Washington State, Microsoft records its estimated $18 billion in licensing revenue per year through a corporate office in Reno, Nevada where there is no licensing tax. Just by enforcing the state’s existing tax law from 2008 onwards, we could reduce Washington’s revenue shortfall by more than 70 percent. Alternately, we could pursue the entire $707 million from Microsoft’s thirteen years of tax dodging and cover most of the expected deficit going forward.’ We have discussed Microsoft’s creative capitalism in the past.”

Read more of this story at Slashdot.


Source/Kaynak : http://rss.slashdot.org/~r/Slashdot/slashdot/~3/4fI9XVT7cSI/Microsoft-Tax-Dodge-At-Issue-In-Washington-State

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