Microsoft sues IRS for more information about audit

02.06.2015
The story, "Microsoft sues IRS for more information about audit," posted to the wire Monday mischaracterized at paragraph three the nature of the investigation by the U.S. Internal Revenue Service.

The story has been corrected on the wire and paragraph three now reads:

The extensive audit by the IRS stems over how tax is calculated for income made by Microsoft overseas, including its transfer prices to local affiliates in Bermuda and Puerto Rico.  Retaining profits abroad is a common practice that can lower a U.S.-based company's tax burden.

IDG News Service staff

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