In a stunning revelation, the Internal Revenue Service (IRS) says that Microsoft owes a staggering $28.9 billion in back taxes to the U.S. Treasury. The unexpected disclosure came to light when Microsoft filed a securities report on Wednesday. The tremendous sum demanded by the IRS, which includes penalties and accrued interest, is connected to an … Continue reading Microsoft in $28.9 billion tax battle with IRS over transfer pricing: Tech giant takes on taxman