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.
Microsoft Korea fined for tax evasion
By Thomas McGuire 7 comments
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