The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

  • ignism@lemmy.worldEnglish
    29·
    1 year ago

    With that money you could buy yourself a default search engine position at Apple.

      • ours@lemmy.filmEnglish
        6·
        1 year ago

        Or not quite half a Twitter (pre-Musk).

        Space stations cost less than what some “send a short message” platform does… insanity.

    • chaorace@lemmy.sdf.orgEnglish
      9·
      1 year ago

      With that much money, you could effectively end homelessness in the U.S. for a full year [1]

      1. According to a rough estimate by the U.S. Department of Housing and Urban Development, it would cost $20 billion in 2012 dollars to afford every homeless person in the U.S. with one year of housing via vouchers. Independent groups have more recently recalculated this amount as ~$30 billion in 2023 dollars using similar methodologies. This is an estimated annual cost, but advocates argue that the program pays for itself – both in the sense that eliminating homelessness will reduce costs to other social programs & in the sense that many homeless will eventually return to self-sufficiency if given a fair opportunity. ↩︎