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Microsoft fights $29 bn US back tax claim
Microsoft fights $29 bn US back tax claim
by  AFP

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that "since 2004, we have paid over $67 billion in taxes to the US." The accounting practices of US big tech companies have long posed a problem for authorities.

IRS says Microsoft owes $29 bn in unpaid US taxes
IRS says Microsoft owes $29 bn in unpaid US taxes
by  AFP

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that "since 2004, we have paid over $67 billion in taxes to the US." The accounting practices of US big tech companies have long posed a problem for authorities.

Star witness at US crypto trial says Bankman-Fried ordered fraud
Star witness at US crypto trial says Bankman-Fried ordered fraud
by  AFP

Disgraced crypto wunderkind Sam Bankman-Fried was the mastermind behind a scheme to defraud FTX clients of billions of dollars, the star witness in his US trial testified on Tuesday. In the court on Tuesday, Ellison said that she and Bankman-Fried "dated for a couple years."

EU warns Musk's X spreading 'illegal' disinfo after Hamas attack
EU warns Musk's X spreading 'illegal' disinfo after Hamas attack
by  AFP

The EU's digital chief Thierry Breton warned Elon Musk on Tuesday that his platform X, formerly Twitter, is spreading "illegal content and disinformation", in a letter seen by AFP. The letter said concerns had heightened after the Hamas attack against Israel, and demanded Musk respond to the complaint within 24 hours and contact "relevant law enforcement authorities".

Star witness to take stand in US crypto king trial
Star witness to take stand in US crypto king trial
by  AFP

The star witness in the trial of Sam Bankman-Fried arrived at a New York federal court on Tuesday where she is expected to give damning evidence against the one time crypto wunderkind. While awaiting trial in August, Bankman-Fried was ordered out of house arrest and jailed after prosecutors alleged that the former FTX boss had leaked Ellison's diary entries to the New York Times.