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Denmark wants $1 bln in back-taxes from Microsoft

Posted on March 4th, 2013 at 16:33 by John Sinteur in category: Microsoft -- Write a comment

[Quote]:

Denmark wants Microsoft to pay 5.8 billion Danish crowns ($1 billion) in back taxes in one of the biggest tax cases in the country’s history, local media reported on Monday.

The Danish tax authority is in negotiations with Microsoft over unpaid taxes stemming from the 10.8 billion-crown ($1.88 billion) takeover of Danish software company Navision in 2002, Danish Radio DR said, quoting unnamed sources.

The tax authority claims Microsoft sold the rights to Navision’s successful business planning software, now under the name of Dynamics NAV, at below market value to a subsidiary in Ireland, DR said.

As a result the tax authority is claiming 5.8 billion crowns in back taxes and interest from sales of Dynamics NAV, the public service radio broadcaster said.

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