Microsoft owes $29B in unpaid taxes, IRS claims

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest, the company revealed in a securities filing.

Microsoft owes $29B in unpaid taxes, IRS claims
Pedestrians walk past a Microsoft sign outside a store in New York.

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest, the company revealed in a securities filing.