Microsoft Korea is disputing the remaining balance of the initial US$59 million tax assessment, saying that the allegation arose from a difference of opinion between the company and the tax authorities over the way imported software products are priced.
Microsoft Korea paid back taxes and penalties for tax evasion to the tune of US$27 million and 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 and 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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- International criminals need international supervision
- Outstanding! We now have the first successful international criminal organization. There have been stories written about it, movies made about it; but this is far worse than anything James Bond ever fought. Transcending and usurping the Sovereignty of world governments; Hitler lives in Redmond!... (Read the rest)
- Posted by: StanWest Posted on: 12/09/03 You are currently: a Guest | Log in | Terms of Use
Wonder why it dont work there
nite_w0lf | 12/07/03
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International criminals need international supervision
StanWest | 12/09/03
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