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To: Harvey Allen who wrote (24034)8/3/2000 3:18:13 PM
From: Daniel Schuh  Respond to of 24154
 
EU goes legal against MS - company should open up Windows theregister.co.uk

And now for something completely different. . .

This doesn't look good. The Commission has power to fine violators up to 10
per cent of global annual revenues. It's never gone beyond 1 per cent so far,
but in Microsoft's case the sum could prove temptingly huge. There does
however still seem to be more than a hint of the Commission hoping the US
case will resolve matters for everyone before it needs to push too hard against
the company. Microsoft can ask for more time (it's had a lot of practice in
that) and a Commission spokeswoman said a ruling was unlikely before early
next year. Leisurely, but still faster than the US process. ®


Cheers, Dan.



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