New
#1
Companies operate there for higher profits and a tax shelter,
I have no sympathy for them.
Their country their rules and corruption rule the days and nights
Microsoft fingered as company forced to pay $136M in back taxes in...
Microsoft fingered as company forced to pay $136M in back taxes in...
Posted: 28 Nov 2014
Microsoft fingered as company forced to pay $136M in back taxes in China
SourceMicrosoft may be have been targeted in a Chinese government crackdown on tax evasion, at a time when the company is already facing an anti-monopoly probe related to Windows and Microsoft Office sales in the country.
China’s state-controlled Xinhua News Agency said on Sunday that an unnamed international company was forced to pay 840 million yuan (US$136 million) in back taxes, as part of the crackdown.
The Xinhua article simply referred to it as the “M company,” describing it as a top 500 global firm headquartered in the U.S. that in 1995 set up a wholly owned foreign subsidiary in Beijing. The details match Microsoft’s own background, and no other company obviously fits the bill.
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