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Denmark wants $1 billion in back-taxes from Microsoft: local radio

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The Denmark tax authority claims Microsoft owes nearly $2 billion dollars stemming from a 2002 deal. (Photo courtesy Wikimedia Commons)

The Denmark tax authority claims Microsoft owes nearly $2 billion dollars stemming from a 2002 deal. (Photo courtesy Wikimedia Commons)

[REUTERS]

Denmark wants Microsoft to pay $1 billion in back taxes in one of the biggest tax cases in the country’s history, local media reported on Monday.

The Danish tax authority is in negotiations with Microsoft over unpaid taxes stemming from the $1.88 billion takeover of Danish software company Navision in 2002, Danish Radio DR said, quoting unnamed sources.

The tax authority claims Microsoft sold the rights to Navision’s successful business planning software, now under the name of Dynamics NAV, at below market value to a subsidiary in Ireland, DR said.

Read more about Microsoft’s unpaid taxes in Denmark at Reuters.

Freddie Allen is the Editor-In-Chief of the NNPA Newswire and BlackPressUSA.com. Focused on Black people stuff, positively. You should follow Freddie on Twitter and Instagram @freddieallenjr.

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