Denmark seeks $1 bn tax payment from Microsoft

March 5, 2013
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The Microsoft company/FILE
The Microsoft company/FILE
COPENHAGEN, Mar 5 – Danish tax authorities are demanding 5.8 billion kroner (778 million euros or $1.01 billion) in tax arrears from Microsoft, public broadcaster DR reported Monday.

“Microsoft owes the treasury five billion kroner … amounting to a total of 5.8 billion with interest included,” DR wrote on its website.

Danish tax authority Skat is in negotiations with its US counterpart and the company to try to recover the “huge sum,” the broadcaster said.

The unpaid taxes relate to Microsoft’s acquisition of Danish group Navision, now called Microsoft Dynamics Nav, through its Irish subsidiary.

The Danish agency believes the US group underpaid for the company and then transferred its assets to Ireland, which has a lower tax rate.

Skat declined to comment when contacted by AFP.

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