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The Taxcast


Welcome to the Taxcast, the Tax Justice Network's monthly podcast. Here you'll find news and unique analysis on tax justice, corruption and scandal you won't find anywhere else! Featuring former banking and tax haven insiders, economists and tax justice experts. It's presented and produced by Naomi Fowler with a regular appearance from the Tax Justice Network's John Christensen. Available on iTunes, Stitcher etc.

Nov 30, 2023

On the Taxcast this month, the story of what happened when the US tax authorities, the IRS, decided to crack down on Microsoft, one of the world's biggest tech companies. Worthy of a thriller movie with its twists and turns, there are many lessons for governments worldwide. And it's not over yet.

Featuring:

Transcript (some is automated) https://taxjustice.net/wp-content/uploads/2023/11/Transcript_Taxcast_Nov_23.pdf 

Further reading:

How a slick accounting maneuver led to a $29 billion tax bill for Microsoft https://fortune.com/2023/10/13/microsoft-back-taxes-irs-29-billion-propublica/ 

The IRS Decided to Get Tough Against Microsoft. Microsoft Got Tougher https://www.propublica.org/article/the-irs-decided-to-get-tough-against-microsoft-microsoft-got-tougher

What the Microsoft Tax Case Shows Us About Tax Transparency https://thefactcoalition.org/what-the-microsoft-tax-case-shows-us-about-tax-transparency/#:~:text=They%20had%20negotiated%20a%2015,Puerto%20Rico%20and%20the%20US.

FT confirms OECD lobbied against Australian tax transparency https://taxjustice.net/press/ft-confirms-oecd-lobbied-against-australian-tax-transparency/#:~:text=The%20law%20requires%20multinationals%20operating,tool%20for%20accountability%20and%20deterrence.

Microsoft, Cisco Shareholder Votes Demonstrate Increasing Investor Demand for Tax and Offshore Transparency https://thefactcoalition.org/microsoft-cisco-shareholder-votes-demonstrate-increasing-investor-demand-for-tax-and-offshore-transparency/ 

KPMG's pitch to Microsoft: 'Planning Alternatives in Puerto Rico' https://www.documentcloud.org/documents/6556275-KPMG-2004-Pitch-to-Microsoft.html  and Microsoft 2003 Memo on Puerto Rico Factory https://www.documentcloud.org/documents/6556274-Microsoft-2003-Memo-on-Puerto-Rico-Factory.html

Bipartisan Senate Action Passes Minimal Test for IRS Funding While Multiple House Republican Bills Fail https://www.cbpp.org/research/federal-budget/bipartisan-senate-action-passes-minimal-test-for-irs-funding-while-multiple 

Revenue From BBB’s IRS Enforcement Funding Would Support Investments https://www.cbpp.org/blog/revenue-from-bbbs-irs-enforcement-funding-would-support-investments

UN adopts plans for historic tax reform https://taxjustice.net/press/un-adopts-plans-for-historic-tax-reform/

“No” voters on UN tax reform enable 75% of global tax abuse https://taxjustice.net/press/no-voters-on-un-tax-reform-enable-75-of-global-tax-abuse/