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Microsoft may owe Denmark $1B in back taxes, report says
Microsoft may be in a bit of tax trouble in Denmark over an acquisition it made more than a decade ago.
Denmark-based news outlet DR is reporting today that officials in that country are investigating whether Microsoft used certain techniques to save itself billions in taxes. According to the report, after Microsoft acquired financial software company Navision in 2002 for $1.3 billion, it sold off its enterprise resource planning and accounting divisions to an Ireland-based Microsoft subsidiary. That subsidiary is apparently owned by other Microsoft companies in Caribbean tax havens, effectively allowing it to shift Navavision's profits overseas … Read more
