Microsoft Vows to Fight $29 Billion IRS Tax Bill in Warren Reply

Microsoft Corp. is vowing to fight a $28.9 billion tax bill the IRS claims the company owes in unpaid transfer pricing tax claims, attorneys for the software giant wrote in a letter to Sen. Elizabeth Warren (D-Mass.).

“Microsoft believes it has always followed applicable IRS rules and paid the taxes it owes in the United States and around the world and has provided appropriate disclosure to investors about these matters,” according to a letter obtained by Bloomberg Tax dated Oct. 27. “Consistent with procedures applicable at this stage of a tax audit, Microsoft intends to pursue an administrative appeal ...