05.12.09

Gemini version available ♊︎

Microsoft Debt and Tax Evasion

Posted in Finance, Microsoft at 8:06 am by Dr. Roy Schestowitz

“There is such an overvaluation of technology stocks that it is absurd. I would include our stock in that category. It is bad for the long-term worth of the economy.”

Steve Ballmer

Summary: Microsoft reenters “Reality Mode” as financial issues inevitably surface

IT WOULD only be reasonable to say that following Microsoft's abysmal results (earnings are down 32%) and additional layoffs, Microsoft struggles to hide its problems. We’ve already remarked on Microsoft’s massive tax evasion [1, 2] (billions of dollars per year) and even the Seattle press cannot turn a blind eye to it, despite the harm this may cause to their beloved Microsoft. That’s billions of dollars that Microsoft virtually took from taxpayers’ pockets (the hidden “Microsoft tax”).

How Obama’s tax reforms could impact Microsoft’s bottom line

[...]

The debate hinges on policies that let companies with international operations avoid higher U.S. tax rates by reinvesting their foreign earnings overseas. The Obama administration last Monday detailed its plan to put a damper on that practice.

“Currently, businesses that invest overseas can take immediate deductions on their U.S. tax returns for expenses supporting their overseas investments but nevertheless ‘defer’ paying U.S. taxes on the profits they make from those investments,” the White House said in a May 4 briefing document. “As a result, U.S. taxpayer dollars are used to provide a significant tax advantage to companies who invest overseas relative to those who invest and create jobs at home.”

From the same publication comes this report about Microsoft debt.

Microsoft, which has historically avoided borrowing money, this morning took the next step in its previously announced plan to raise funds through a public debt offering. The company made the move in a preliminary prospectus filed with the Securities and Exchange Commission.

It underplays the severity of the matter. This Microsoft-sympathetic reporter cites a Bloomberg article from another reporter who is close to Microsoft (Dina Bass). This leads to the funny feeling and suspicion that Microsoft is spinning this discomforting (probably obligatory) disclosure using all of its friends in the press. It’s a familiar strategy when attacking competition (seed, the reference and repeat). Microsoft debt would not surprise us though. See for example what we wrote in:

A Microsoft shareholder already likens Steve Ballmer and Bill Gates to Bernard Madoff and other shareholders are equally resentful and want Steve Ballmer out.

When it comes to Microsoft’s news about debt, we have already alluded to it yesterday. Also yesterday in the very same post we showed that Microsoft is attacking Google using regulators. It’s worth keeping an eye on Christine Varney because TechCrunch suggests she may try to deflect antitrust pressure from Microsoft onto Google.

Watch Out Google, Obama’s Antitrust Chief Is Looking To Make An Example Out Of You

The Obama Administration’s new chief antitrust enforcer at the Department of Justice, Christine Varney, is making it very clear that she is going to be much more aggressive in bringing antitrust actions against large, American corporations.

Microsoft has its share of government insiders [1, 2, 3, 4, 5, 6, 7, 8] with whom it can attack Google via the authorities. There is precedence here, so it’s just not a theory; it’s predicated upon Microsoft’s consistent behaviour and Microsoft is at great risk right now, so it’s merciless.

Debt and demand

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

DecorWhat Else is New


  1. Links 22/05/2022: Rock64 and Peppermint OS Release

    Links for the day



  2. [Meme] UPC is Always Next Year (and Next Year It'll Surely be the Year After That)

    The UPC will come “next year”, just like every year (since almost a decade ago) just because the lunatic promises so and crushes the law, quite frankly as usual, cusioned and protected by the UPC lobby



  3. UPC: Turning Patent Lawyers Into Liars and the Media Into Their Money-Grabbing Megaphone (Platform for Fake News)

    The above 26 screenshots (with necessary annotation added) hopefully illuminate the degree of deceit, manipulation, bribery and distortion of public discourse (fake news and advocacy of patently unlawful activities)



  4. Number of Working/Online Gemini Capsules, Known to Totally Legit Gemini Search (TLGS) and to Lupa, Exceeds 2,500

    Assuming that Lupa reduced its crawling capacity (this graph seems to confirm this), we’ve decided to aggregate data from 3 sources and assess the size of Geminispace; Lupa says it can see 1,947 active capsules, but there are many more it has not kept track of



  5. [Meme] Monopoly Tony

    The gentlest, kindest president the EPO ever had



  6. It Took Campinos Three or More Years to Undo Illegal Battistelli Actions on Boards of Appeal and Strike Regulations (Only After Losing at ILO-AT!), But He Does Not Mention That

    Let’s all remember that as the EPO‘s so-called ‘President’ António Campinos (Monopoly Tony) vigorously defended completely unlawful actions of Benoît Battistelli until courts compelled him to stop doing that (Strike Regulations); notice how, in the video above — a portion of this full clip from several months ago — he did not bother mentioning that for 3.5 years that he had “led” the Office the Boards of Appeal were in exile, in direct violation of the EPC, yet nobody is being held accountable for it



  7. IRC Proceedings: Saturday, May 21, 2022

    IRC logs for Saturday, May 21, 2022



  8. Links 22/05/2022: Free Software Developments in Bratislava

    Links for the day



  9. Gemini is the Direction the Paginated Internet Should Have Taken (Not Bloated Web With JavaScript and DRM)

    An update on Gemini and why you might wish to explore it (if you aren't using it already)



  10. EPO.org Now Openly Brags About Making Illegal Patents a Welcomed Part of the Examination Guidelines

    The EPO persists in illegal, unlawful agenda; it's even finding the audacity to advertise this in the official Web site



  11. Links 21/05/2022: Security Blunders and Microsoft Posturing

    Links for the day



  12. Links 21/05/2022: GitLab at Fedora and Pipewire in Next Ubuntu

    Links for the day



  13. Links 21/05/2022: HP Teams up with System76

    Links for the day



  14. IRC Proceedings: Friday, May 20, 2022

    IRC logs for Friday, May 20, 2022



  15. Links 20/05/2022: Thunderbird Revenue Rising

    Links for the day



  16. Outsourcing Sites to Social Control Media is an Outdated Mindset in 2022

    Centralised or federated censorship/filtering platforms (also known as "social [control] media" [sic]) aren't the way forward; we're therefore a little surprised that Linux Weekly News (LWN) bothers with that languishing bandwagon all of a sudden



  17. Links 20/05/2022: Plasma's Latest Beta in Kubuntu 22.04, Kapow 1.6.0 Released

    Links for the day



  18. Turkey's Migration to Pardus Linux and LibreOffice Explained 2 Months Ago in LibrePlanet

    This talk by Hüseyin GÜÇ was uploaded under the title “Real world GNU/Linux story from Istanbul”



  19. In Turkey, Windows Market Share is Down to Almost Nothing, 'Linux' is About Two Thirds of the Connected Devices

    Watch this graph of Windows going down from around 99.5% to just 11.55% this month



  20. The Lies and Delusions of António Campinos

    Monopolies and American corporations (and their lawyers) are a priority for today's EPO, Europe's second-largest institution



  21. Links 20/05/2022: Fedora BIOS Boot SIG

    Links for the day



  22. Links 20/05/2022: Oracle Linux 8.6 and VMware Security Crisis

    Links for the day



  23. IRC Proceedings: Thursday, May 19, 2022

    IRC logs for Thursday, May 19, 2022



  24. Links 19/05/2022: Rust 1.61.0 and Lots of Security FUD

    Links for the day



  25. EPO Eating Its Own (and Robbing Its Own)

    António Campinos is lying to his staff and losing his temper when challenged about it; Like Benoît Battistelli, who ‘fixed’ this job for his banker buddy (despite a clear lack of qualifications and relevant experience), he’s just robbing the EPO’s staff (even pensioners!) and scrubbing the EPC for ill-gotten money, which is in turn illegally funneled into financialization schemes



  26. [Meme] EPO Budget Tanking?

    While the EPO‘s António Campinos incites people (and politicians) to break the law he’s also attacking, robbing, and lying to his own staff; thankfully, his staff isn’t gullible enough and some MEPs are sympathetic; soon to follow is a video and publication about the EPO’s systematic plunder (ETA midnight GMT)



  27. EPO.org (Official EPO Site) Continues to Promote Illegal Agenda and Exploit Ukraine for PR Stunts That Help Unaccountable Crooks

    epo.org has been turned into a non-stop propaganda machine of Benoît Battistelli and António Campinos because the EPO routinely breaks the law; it’s rather tasteless that while Ukrainians are dying the EPO’s mob exploits Ukraine for PR purposes



  28. [Meme] EPO Applicants Unwittingly Fund the War on Ukraine

    As we’ve just shown, António Campinos is desperately trying to hide a massive EPO scandal



  29. EPO Virtue-Signalling on the Ukrainian Front

    António Campinos persists in attention-shifting dross and photo ops; none of that can change the verifiable facts about the EPO’s connections to Lukashenko’s 'science park' in Minsk



  30. Links 19/05/2022: PostgreSQL 15 Beta 1 and Plasma 5.25 Beta

    Links for the day


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts