Seeking Alpha

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

The Danish Treasury is going after Microsoft (MSFT) for $1B in unpaid taxes relating to the company's 2002 purchase of Navision. Microsoft subsequently sold some Navision assets to its Irish subsidiary at - alleges Denmark - too low a price, allowing assets to be transferred out of the country without proper dues and taxes.
From other sites
Comments (5)
  • SquareHead
    , contributor
    Comments (91) | Send Message
     
    Another money grab by a socialist regime.
    4 Mar 2013, 01:53 PM Reply Like
  • Origa
    , contributor
    Comments (589) | Send Message
     
    Socialist regime?
    What is that?
    4 Mar 2013, 02:50 PM Reply Like
  • RogerJenn
    , contributor
    Comments (19) | Send Message
     
    Perhaps SquareHead believes they're a member of a Union of Scandinavian Socialist Republics (USSR = Denmark, Sweden, Norway and Finland)?
    4 Mar 2013, 04:01 PM Reply Like
  • Klevis
    , contributor
    Comments (5) | Send Message
     
    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 2013, 04:26 PM Reply Like
  • alepelo
    , contributor
    Comments (2) | Send Message
     
    Well, taxes need to be paid. I pay my taxes, why big corporations shouldn't?
    4 Mar 2013, 04:26 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs