Microsoft May Owe Denmark More Than $1 Billion in Back Taxes

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kris79

Another clueless government that thinks that it came control business through progressive regulation to get more tax money. Hmmmmmm, somehow that sounds familiar. You gotta love the fact that they think that the company was sold at below true value so that they couldn't reap some more taxes from the sale. Hey, Denmark dudes, it sold for what it sold for whether you think that it should have been more or not. Looks like you got outmaneuvered. Better go back to your government offices and write some new, even more, wacky progressive regulations. Hey, we got a guy here in the US who can help you out. Yes he can.

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Nimrod

More fuckery from EU member states. But lets be honest, whos really hold the gun here? The tax collectors or MS? What if MS suddenly decided that every copy of a MS product in Denmark that was sold over the last 10 years was stolen and suddenly deactivated every copy of Windows and office in the entire country? I think you would see state collapse. Their econ would grind the a skreeching halt in a matter of hours.

Yeah. If they want to start deciding things willy nilly like this i think they will lose. Europe is dead.

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vrmlbasic

So Microsoft is the new bail-out plan for the European Union?

What, did Germany get tired of making bad-faith loans all of the sudden?

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kris79

+1

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diedrichg

It may have been a Danish company but they acquired the intellectual knowledge of that company and therefore made their own. I'm not a M$ fanboy but I do support the rights of those being preyed upon.

Because they bought the intellectual rights and thus sold them, those rights, thereby, became an Irish company's intellectual property, not Danish property and consequently taxable.

I'm sorry Denmark but your boat holds no water.

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Renegade Knight

Agreed. Once bought, MS could give it away for free if they so choose.

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Neufeldt2002

This is to the American readers that will be pissed at this news.

If it was America that was trying to collect the same amount from a different country you would feel the same way as the Danes do, we have no idea which laws MS may have broken in Denmark.

This reminds me of the co-creator of Facebook that moved to Singapore, Eduardo Saverin, and the whole renouncing of his citizenship to avoid taxes. He played a loop-hole and got away with it, but even the IRS got to collect an amount called an Exit Tax. MS may have done the same, but may have missed something which is resulting in the 1 Billion tax bill.

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Renegade Knight

They sold a company. The only tax would be due is on the profit from the sale, if any, as reported on whatever tax forms that Denmark may require at tax time.

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vrmlbasic

I don't care what country is doing it, a 20%+ tax on what amounts to a "sale" is absurd. Small wonder Denmark lost the company after the purchase. BTW, no one in America likes the IRS; we're supposed to be a tax-hating nation. "Rugged Individualism" is intended to be our aspiration: lower & fewer taxes because we accept personal responsibility.

Why does the Danish government think that it is entitled to more than 1/5th the proceeds of this transaction?

Better question: how did the nation of the Vikings fall so far?

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alabasterdragon

So you are saying that when you pay your taxes, you avoid every single exemption & loop hole, and pay the maximum amount that you can?

If you don't then you are every bit the tax cheat you are complaining about.

Why is it only smart/logical for the little guy to get loop holes, but it's thievery when rich people do it!?!

If it's ok for the little guy to use loop holes to avoid paying taxes, then it's ONLY FAIR for the big guy to participate in the same loop holes.

After all isn't that the argument, that it should be fair. It's simple amazing how many people want to argue about fairly applying rules, that is, unless the rules apply to them, and then they should be exempt from the rules, only those more well off should be screwed by the rules. But who are you better off than? Won't those who are worse off them you argue that you should be screwed by the rules just like those better off than you.

Should a man in a mansion be made homeless because you only have a small home? Should you then be made homeless because the next guy has a one room shack? Should he also be made homeless because there are still more than don't even have a cardboard box to call home? Then what? Now everyone is homeless and equally miserable, but it's fair right?

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Peanut Fox

It's hard for me to dislike someone for not paying taxes. I know I wouldn't if I could.

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