Microsoft Korea fined for tax evasion

By Thomas McGuire on
Microsoft Korea paid back taxes & penalties for tax evasion to the tune of US$27 million & is disputing a further US$32 million payment to the South Korean National Tax Service. In March, Microsoft Korea admitted that it had evaded taxes in Korea between 1997 & 2001. The Korean subsidiary was charged with inflating expenses by overstating the cost of software imported from its U.S. parent company, thus underreporting its income.

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