Thu. 10/12 – The IRS Wants A Word With Microsoft

Tech Brew Ride Home

Amalgamated Internets, LLC

News, Tech News, Technology

4.7 • 1K Ratings

🗓️ 12 October 2023

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

That thing where the IRS says you’ve underpaid your taxes to the tune of almost $30 billion dollars. Adam Mosseri says Threads is NOT coming for the breaking news crown. Those kids today, they love YouTube and they REALLY love iPhones. And forget social chat with your friends. How about social chat with your friends, and your AI bot, and their AI bots? Sponsors: DrinkTrade.com/ride Links: IRS says Microsoft owes an additional $29 billion in back taxes (CNBC) Linda Yaccarino responds to EU: 700 Community Notes, 5K+ images shared on Israel-Hamas war, ‘thousands’ of pieces of content removed (TechCrunch) Instagram head says Threads is ‘not going to amplify news on the platform’ (TechCrunch) Google pays Apple $18B to $20B a year to keep its search in iPhone (The Register) PlayStation 5 cloud streaming launches this month (VGC) YouTube passes Netflix as top video source for teens (CNBC) iPhone Continues to Be Most Popular Smartphone Among Teens, Apple Watch Ownership Growing (MacRumors) Character.AI introduces group chats where people and multiple AIs can talk to each other (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Meme Right Home for Thursday, October 12th,
0:07.0	2023, I'm Brian McCullough today.
0:09.0	That thing where the IRS says you've underpaid your taxes to the tune of almost 30 billion dollars.
0:15.5	Adam MacSare says Threads is not coming for the Breaking News Crown.
0:20.3	Those kids today, they love YouTube and they really love iPhones and forget
0:25.2	social chat with your friends. How about social chat with your friends and your
0:29.8	AI bot and their AI bots? Here's what you miss today in the world of tech.
0:37.6	Well, you know, whom among us hasn't been in a similar pickle.
0:42.5	Microsoft has received notices of proposed adjustments
0:46.5	from the Internal Revenue Service
0:48.4	for an additional $28.9 billion tax payment.
0:53.0	Microsoft plans to appeal, a process expected to take years,
0:56.8	but basically the IRS says Microsoft has underpaid their taxes
1:01.5	again to the tune of $28.9 billion.
1:06.1	Quoting CNBC.
1:08.1	Microsoft said the dispute concerns the company's allocated profits between countries
1:12.4	and jurisdictions between 2004 and 2013.
1:16.0	It said up to $10 billion in taxes that the company has already paid are not reflected in the proposed
1:22.3	adjustments made by the IRS.
1:25.0	Microsoft plans to contest the notices through the IRS's administrative appeal and
1:29.8	is willing to go to judicial proceedings if necessary.
1:33.6	Microsoft disagrees with these proposed adjustments
	...

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