Massive US companies using loopholes to avoid paying taxes is nothing new, but a new US Senate memo gives us an idea of just how one much one company has avoided paying. According to Bloomberg Businessweek, a memo penned by Michigan democrat Carl Levin and Oklahoma republican Tom Coburn, who both head up the Senate's Permanent Subcommittee on Investigations, claims that over the past three years, Microsoft has avoided paying $6.5 billion in US taxes. The funny thing about all of this? Microsoft hasn't done anything illegal by avoiding that hefty tax bill.
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