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 Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate

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Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate Vide
PostSubject: Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate   Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate Icon_minitimeWed Feb 11, 2015 10:36 pm
United States software giant Microsoft has defended its right to use hubs in Ireland, Singapore and Puerto Rico, which helps reduce its tax rate, in a submission to the federal inquiry into corporate tax avoidance.

Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate Article%20Lead%20-%20wide6604985812vf5fimage.related.articleLeadwide.729x410.13boea.png1423624356206.jpg-620x349

It is the latest technology company to claim it pays its fair share of taxes, following similar statements by Google and Apple in their submissions last week.

Microsoft confirmed its overall effective tax rate was well below the standard US corporate rate of 35 per cent.

It said it was working within international tax rules that allowed income it reported on its US tax return "as fully taxable in the US without regard to the location of the customer".

It is unclear from the submission or the company's annual reports how much tax the company paid on its Australian profit - the company claims it is above the 30 per cent company rate.

Read more: http://www.smh.com.au/business/microsoft-defends-using-hubs-in-ireland-singapore-and-puerto-rico-to-cut-tax-rate-20150211-13boea.html#ixzz3RUxQKN8O
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Excellent: Microsoft defends using hubs in Ireland, Singapore and Puerto Rico to cut tax rate

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