Microsoft investigated for tax evasion

Jul 11, 2012 10:53 AM
Filed under Software

French arm studied.

The French Ministry of Finance is investigating Microsoft’s French arm for tax evasion, after a fiscal audit late last month revealed suspicious transactions.

Microsoft has been accused of deliberately attempting to avoid France's 33 percent corporate tax, via billing services conducted through offshore companies, reports AFP.

The ministry and local police force conducted a raid of Microsoft’s French offices late last week, in what Microsoft called a “routine check”.

The company has denied any wrongdoing.

"We work within the tax laws," it said in a statement. "We firmly reject any allegation or label of fraud and there is no proof to back that up."

The investigation began just over a year ago, when Microsoft subsidiaries in the US and Ireland allegedly put in invoices for advertising and commercial services purporting to have been performed by the French operation, reported Le Canard Enchaine.

 
Follow us on Facebook and Twitter
 

Copyright © CRN Australia. All rights reserved.

Microsoft investigated for tax evasion
Tags
 
 
 
 
 
Top Stories
Reseller CEO faces 10 years jail
Former S Central boss accused of 35 offences.
 
JB Hi-Fi beats Apple and HP in reputation stakes
Boost for bricks-and-mortar with Good Guys also in top 10.
 
ICT investment firm loses almost $16 million
Invigor Group blames dispute over failed buyout.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Latest Comments
Polls
Are Chromebooks ready for the enterprise?

CRN Magazine

Issue: 326 | April 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.