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For Microsoft, $93B Abroad Means Avoiding $30B Tax Hit 314

Posted by timothy
from the what's-billed-vs-what's-owed dept.
walterbyrd (182728) writes "Microsoft Corp. is currently sitting on almost $29.6 billion it would owe in U.S. taxes if it repatriated the $92.9 billion of earnings it is keeping offshore, according to disclosures in the company's most recent annual filings with the Securities and Exchange Commission. The amount of money that Microsoft is keeping offshore represents a significant spike from prior years, and the levies the company would owe amount to almost the entire two-year operating budget of the company's home state of Washington."

Comment: For very limited (South) values of United States (Score 1) 232

Dramatic Shifts In Manufacturing Costs Are Driving Companies To US, Mexico

They're only interested in Southern or Southernized states, which is not representative of the US. That is, they're only interested in places with a well-defended "know thy place" mentality where labor is rendered servile.

Any deviance from said philosophy is severely punished, whether it be by individuals or corporations. In the case of individuals, it is measured in legally-friendly terminations, designed to break support. In the case of corporations, especially the precedent-setting Volkswagen, interest groups will threaten to take out tax incentives or otherwise hobble the company.

Remember the good old days, when CPU was singular?