The Smart Economy


Microsoft Ireland MD Paul Rellis.

And you thought they were here for the weather?

Using complex schemes to shift U.S. revenue overseas, Microsoft was able to avoid paying taxes on $21 billion in revenue between 2009 and 2011, amounting to about half its total U.S. sales, according to the subcommittee report. The company avoided paying $4.5 billion in taxes, or about $4 million per day, during that time, according to the report.

Using similar schemes, Apple avoided taxes on $34.5 billion between 2009 and 2011, and Google has dodged taxes on $24 billion.



Tech Firms Find Havens From US Taxes (San Fransisco Chronicle)

US Senate panel slams Microsoft’s ‘tax gimmickry’ in Ireland, Singapore and Puerto Rico (FinFacts)

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