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March 13, 2006

Microsoft reorganizes Irish units to avoid asset disclosure

Posted by David Hunter at 7:42 PM ET.

Reuters:

Microsoft Corp., under mounting scrutiny regarding more than $16 billion of assets it keeps in Ireland to take advantage of low taxes, is reorganising its operations there in a way that will allow it to reduce public disclosure of those assets, the Wall Street Journal reported on its Web site.

More details by following the link, but Irish corporate income taxes are less than half of those in the USA which makes putting assets there or some similar place a no-brainer for international corporations with a sizeable piggy bank. However, it sounds like they don’t want the folks at home to know how clever they are.



Filed under Financial, General Business, Microsoft

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