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[News] [Rival] Microsoft Adds Staff to Tax Evasion Hotbed (Reno)

  • Subject: [News] [Rival] Microsoft Adds Staff to Tax Evasion Hotbed (Reno)
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Sun, 06 Dec 2009 13:41:35 +0000
  • Followup-to: comp.os.linux.advocacy
  • Newsgroups: comp.os.linux.advocacy
  • User-agent: KNode/4.3.1
Hash: SHA1

Reno's Microsoft outpost has grown from 40 to 250 employees

,----[ Quote ]
| âThis is an attempt for people to know 
| more about us,â said Mary Ellen Smith, 
| general manager of the Reno operation 
| which employs 250 people.


How Former Microsoft Manager Jeff Reifman Caught Wired's 
Vanished Reporter Evan Ratliff


Seattle Layoff Update: Adobe, Microsoft, Real, 
ZymoGenetics, and Others Cut Staff


Why did the CFO run away?

Microsoft CFO Chris Liddell gets $1.9 million after resigning

,----[ Quote ]
| Microsoft Chief Financial Officer Chris 
| Liddell will get $1.9 million after he 
| leaves Microsoft, according to a company 
| filing with the Securities and Exchange 
| Commission.


Microsoft discloses CFO's golden parachute: $1.9 million


$1.9 mil. for Microsoft's ex-CFO



Microsoft and licensing taxes, on KUOW

,----[ Quote ]
| Appearing on KUOW's "The Conversation" on
| Monday was Jeff Reifman, a former Microsoft
| employee who has been writing about
| Microsoft's software-licensing practices and
| whether they are illegal.
| He asserts that Microsoft sidesteps Washington
| tax law by licensing its software out of an
| office in Reno, Nev. Nevada has no software-
| licensing tax; Washington does.



Now Obama is driving Microsoft overseas

,----[ Quote ]
| It takes an incredibly powerful company to threaten the U.S. government in
| hopes of impacting a significant decision, but thatâs precisely what
| Microsoft is doing. Microsoft CEO Steve Ballmer made headlines when he
| publicly attacked President Barack Obamaâs plan to cut tax breaks on U.S.
| companiesâ foreign profits, a plan which is currently awaiting Congressional
| approval. Mr. Ballmer suggests that if the tax succeeds, Microsoft may begin
| a significant move out of the U.S., taking with it tax revenue and jobs. He
| states, âIt makes U.S. jobs more expensive. Weâre better off taking lots of
| people and moving them out of the U.S. as opposed to keeping them inside the
| U.S.â
| [...]
| Mr. Ballmer, perhaps the most outspoken critic, did acknowledge that the
| Obama proposal preserved research and experimentation cost tax breaks. He
| warned, though, that the cuts to foreign exemptions would raise the cost of
| Microsoftâs 56,552 U.S. employees. He says this could necessitate moving them
| overseas. Microsoft was previously embroiled in a controversy over whether it
| should lay off foreign workers before U.S. ones.


Ballmer Says Tax Would Move Microsoft Jobs Offshore

,----[ Quote ]
| Microsoft Corp. Chief Executive Officer Steven Ballmer said the worldâs
| largest software company would move some employees offshore if Congress
| enacts President Barack Obamaâs plans to impose higher taxes on U.S.
| companiesâ foreign profits.


Ballmer Says Tax Would Move Microsoft Jobs Offshore


Tax plan would send jobs offshore, Ballmer says


Microsoft speaks against foreign profit tax proposal


Microsoft debt offering raises questions about plans for funds

,----[ Quote ]
| Microsoft, which has historically avoided borrowing money, this morning took
| the next step in its previously announced plan to raise funds through a
| public debt offering. The company made the move in a preliminary prospectus
| filed with the Securities and Exchange Commission.


How Obama's tax reforms could impact Microsoft's bottom line

,----[ Quote ]
| The debate hinges on policies that let companies with international
| operations avoid higher U.S. tax rates by reinvesting their foreign earnings
| overseas. The Obama administration last Monday detailed its plan to put a
| damper on that practice.
| "Currently, businesses that invest overseas can take immediate deductions on
| their U.S. tax returns for expenses supporting their overseas investments but
| nevertheless 'defer' paying U.S. taxes on the profits they make from those
| investments," the White House said in a May 4 briefing document. "As a
| result, U.S. taxpayer dollars are used to provide a significant tax advantage
| to companies who invest overseas relative to those who invest and create jobs
| at home."


Microsoft subsidiary has â477m pretax profit

,----[ Quote ]
| Microsoft Ireland Operations Ltd (MIOL) had turnover of â11.3 billion and
| paid corporation tax of â63.5 million according to accounts just lodged with
| the Companies Office and seen by The Irish Times.


Microsoft Ireland slashes US dividend as profits rise

,----[ Quote ]
| The dividend payment is roughly half the almost â3bn the Irish subsidiary
| remitted to the US headquarters in the financial year ended June 2006.


Microsoft in tax evasion soup

,----[ Quote ]
| Software major Microsoft Corpâs Indian subsidiary has been issued a
| show-cause notice for non-payment of service tax worth Rs 127 crore. The tax
| has been claimed on services offered to Microsoft Singapore by way of
| marketing support.


Tax benefit helped Microsoft's 3Q earnings

,----[ Quote ]
| Turns out Microsoft and Uncle Sam have been going back through the company's
| books from 2000 to 2003. Not knowing how that would end up, Microsoft
| had "over accrued" its tax provision in past quarters, said Colleen Healy,
| general manager of investor relations. With the review settled, the company
| was able to reduce that provision.


Microsoft Leads in Lobbying Largesse

,----[ Quote ]
| Microsoft is leading the tech industryâs charge up Capitol Hill, according to
| statistics released Monday.
| The world's largest software company spent $9 million on lobbyists to make
| its case in issues including taxes and trade, according to statistics
|                    ^^^^^^^^^^^^^^^^^^^^^^^^^
| compiled by the Center for Responsive Politics.


Bill Gates: Rich Individuals Should Pay More Tax, Wealthy Corporations Less?

,----[ Quote ]
| As Taxing Tennessee points out, Bill Gates opposes eliminating the death tax
| but is quite happy to have local and state taxes eliminated for his
| company...


Microsoft EULA lands it with $175m Indian tax headache

,----[ Quote ]
| Basing its ruling on the terms of Microsoft's own EULA (end-user license
| agreement), an Indian court has ordered the company to pay tax on royalty
| income generated in the country, Tax India Online (TIOL) reports.
| [...]
| âUnacceptable tax avoidance typically involved the creation of complex
| artificial structures by which, as though by the wave of a magic wand, the
| tax payer conjures out of the air a loss, or a gain, or expenditure, or
| whatever it may be, which otherwise would never have existed. These
| structures are designed to achieve an adventitious tax benefit for the
| taxpayer, and in truth are no more than raids on the public funds at the
| expense of the general body of taxpayers, and as such are unacceptable.


Cheers not jeers to Speaker Chopp on the Microsoft tax concession

,----[ Quote ]
| The Columbia Basin Herald this past week characterized House Speaker Frank
| Chopp as being a Forrest Gump, "stupid is as stupid does" villain for
| opposing big proposed tax breaks for Microsoft and Yahoo. The tax concession,
| those companies said, were necessary to keep them from fleeing Grant County,
| where they have huge server farms. The requests were similar to the $3.2
| billion in breaks Boeing Co. got from Governor Gary Locke and the Legislature
| when it threatened to take some of its assembly operations elsewhere.


Microsoft Might Not Go Ahead With Hearing In European Antitrust Case

,----[ Quote ]
| The European Commission was certainly not swayed by Microsoftâs arguments
| during a similar hearing six years agoâand the companyâs chances this time
| around are not looking much better. In January, the European Commission said
| its preliminary view was that Microsoft had stifled competition in the
| browser market by packaging Internet Explorer and Windows. Google (NSDQ:
| GOOG) and Mozilla have since said that they support the European Commissionâs
| preliminary findings. And earlier this month, a host of other tech companies,
| including IBM, Adobe (NSDQ: ADBE), and RealNetworks (NSDQ: RNWK), represented
| by the European Committee for Interoperable Systems, also joined as third
| parties in the case.

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