CICTAR’s new investigation into one of the world’s most valuable corporations exposes how Microsoft uses a web of shell companies to potentially dodge billions in tax.
The report examines how Microsoft Global Finance – a tax resident of Bermuda with no registered employees – has been reporting billions in profits, while paying no taxes.
The analysis also reveals how Microsoft is raking in billions from governments contracts across the world while aggressively minimising its tax contribution at a time when people are facing brutally underfunded public services such as healthcare and education.
Read the full report below:
In response to the allegations in the report, a Microsoft spokesperson said:
‘Microsoft is fully compliant with all local laws and regulations in every country in which we operate. We serve customers in countries all over the world and our tax structure reflects that global footprint.’