MSFT Internet Explorer vs. NSCP Navigator Message Board

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Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator

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To: Harvey Allen who wrote (24034)	8/23/2000 1:13:47 PM
From: Harvey Allen	Read Replies (1) of 24154

Tax Innovation 150 out of 1,012 employees in Japan @ $200,000. per employee. Wonder how much revenue recovery there is in the USA? Microsoft employees ordered to pay back taxes By The Associated Press Special to CNET News.com August 23, 2000, 5:20 a.m. PT TOKYO--About 150 workers at Microsoft's Tokyo subsidiary have been ordered to pay $27.9 million in back taxes and penalties for underreporting income from stock options, Japanese media reported today. The Tokyo Regional Taxation Office slapped the bill on current and former employees of Microsoft who failed to declare or improperly declared $65 million in income from stock options for several years through 1998, the Nihon Keizai newspaper and other national dailies said. Spokesmen for the tax office and the Japanese subsidiary of the U.S. software company declined to comment on the reports, which cited unidentified "informed sources." A former president of the Microsoft unit underreported income from his options by several million dollars, the Nikkei report said. The stock options were awarded to executives and employees as a performance incentive and increased dramatically in value when Microsoft's share price rose earlier in the decade, it said. Tokyo Regional Taxation Office spokesman Taiichi Uchida said it is the office's policy not to comment on the status of individual taxpayers. Microsoft spokesman Kazuyuki Takada said the company doesn't track gains employees receive under the stock option program. Microsoft's Japanese unit, founded in 1986, employs 1,012 people. news.cnet.com

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