DENIAL: Microsoft has released a statement saying it complies with a US-China bilateral agreement and pays taxes following a cryptic Chinese-language report.
BEIJING: Software giant Microsoft said that it pays Chinese taxes “consistent” with a China-US bilateral agreement, following a cryptic media report that a foreign company with similarities to it agreed to settle a multi-million dollar bill for back taxes.
The official Xinhua news agency, in a Chinese-language report published Sunday, said that a well-known US-based company — long among the world’s top 500 corporations and with operations in China — had agreed to pay 840mil yuan (RM457.79mil) in back taxes and interest over an unspecified period.
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