Microsoft said in a filing with the U.S. Securities and Exchange Commission that it owes the Internal Revenue Service $28.9 billion in taxes.
"We disagree with the proposed adjustments and will vigorously contest the NOPAs through the IRS’s administrative appeals office and, if necessary, judicial proceedings," Microsoft said."We do not expect a final resolution of these issues in the next 12 months. Based on the information currently available, we do not anticipate a significant increase or decrease to our tax contingencies for these issues within the next 12 months.
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