Thursday, September 20, 2012

Microsoft rapped over tax havens

See on - Business Futures

The US Senate criticises Microsoft and Hewlett-Packard for their use of tax avoidance schemes, which it says is rampant in the tech sector.

The Senate’s Permanent Subcommittee on Investigations said the companies used places such as the Cayman Islands so they did not have to pay US taxes.

The chairman of the panel said their practices ranged from “egregious to dubious validity”.

Microsoft and HP denied any wrongdoing.

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via Tumblr Microsoft rapped over tax havens

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