The Danish Treasury is going after Microsoft (MSFT) for $1B in unpaid taxes relating to the...

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SquareHead Comments (33)
 
Another money grab by a socialist regime.
4 Mar, 01:53 PM Reply Like

Origa Comments (485)
 
Socialist regime?
What is that?
4 Mar, 02:50 PM Reply Like

RogerJenn Comments (15)
 
Perhaps SquareHead believes they're a member of a Union of Scandinavian Socialist Republics (USSR = Denmark, Sweden, Norway and Finland)?
4 Mar, 04:01 PM Reply Like

Klevis Comments (4)
 
Actually SquareHead, this is a strategy that the mafia used before. They bought 5 banks for example. Bank 1 sells an asset to bank 2 for 1$. Bank 2 sells the asset it purchased to bank 3 for 2$. Bank 3 sells it again to bank 4 for 3$. Bank 4 then sells it to bank 5 for 4$. In the end bank 5 sells the asset to bank 1 (which originally sold it for 1$) for 5$. The first bank would proceed this way until it went bankrupt. The deposits of the people would be covered by the government but all that money was distributed among the other banks owned by the mafia. This was a very profitable strategy because it basically drains dry all the money deposited in a bank. It does not operate in the traditional way by profiting a little on interest changes.
Microsoft basically did the same thing. Selling to cheap to its own subsidiary. I like Microsoft but they have to pay the taxes and abide by the laws of the countries where they make business.
4 Mar, 04:26 PM Reply Like

alepelo Comment (1)
 
Well, taxes need to be paid. I pay my taxes, why big corporations shouldn't?
4 Mar, 04:26 PM Reply Like