Microsoft, Apple cough up MEEELLIONS after Australian tax audits

Microsoft, Apple cough up MEEELLIONS after Australian tax audits

7 years ago
Anonymous $wKBR2uNMvM

https://www.theregister.co.uk/2017/08/23/microsoft_apple_pay_hundreds_of_millions_to_australian_taxation_office_after_audit/

Nice work if you can get it: Microsoft has told Australia's Senate committee into Corporate Tax Avoidance that it's negotiated how much of its hard-earned cash it'll fork over to the Australian Taxation Office.

However, the company has declined to say just how much of a hole the Office's (ATO's) investigation is burning in its pocket. It's believed payments will reach hundreds of millions of dollars over the next five years.

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