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Headlines: Microsoft's Puerto Rico Tax Odyssey · The Accounting Podcast

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  Scarlett 2i2 USB: I'm
• 0:00
  Scarlett 2i2 USB: Blake
• 0:00
  Scarlett 2i2 USB: Oliver,
• 0:01
  Scarlett 2i2 USB: and
• 0:01
  Scarlett 2i2 USB: this
• 0:01
  Scarlett 2i2 USB: is
• 0:01
  Scarlett 2i2 USB: The
• 0:01
  Scarlett 2i2 USB: Accounting
• 0:02
  Scarlett 2i2 USB: Podcast.
• 0:03
  Scarlett 2i2 USB: Today
• 0:03
  Scarlett 2i2 USB: we're
• 0:03
  Scarlett 2i2 USB: looking
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  Scarlett 2i2 USB: at
• 0:04
  Scarlett 2i2 USB: the
• 0:04
  Scarlett 2i2 USB: huge
• 0:04
  Scarlett 2i2 USB: tax
• 0:05
  Scarlett 2i2 USB: bill
• 0:05
  Scarlett 2i2 USB: Microsoft
• 0:05
  Scarlett 2i2 USB: is
• 0:06
  Scarlett 2i2 USB: facing
• 0:06
  Scarlett 2i2 USB: after
• 0:06
  Scarlett 2i2 USB: a
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  Scarlett 2i2 USB: lengthy
• 0:07
  Scarlett 2i2 USB: IRS
• 0:08
  Scarlett 2i2 USB: audit.
• 0:09
  Scarlett 2i2 USB: In
• 0:09
  Scarlett 2i2 USB: 2012,
• 0:10
  Scarlett 2i2 USB: the
• 0:10
  Scarlett 2i2 USB: IRS
• 0:11
  Scarlett 2i2 USB: launched
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  Scarlett 2i2 USB: its
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  Scarlett 2i2 USB: largest
• 0:12
  Scarlett 2i2 USB: ever
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  Scarlett 2i2 USB: audit,
• 0:13
  Scarlett 2i2 USB: accusing
• 0:13
  Scarlett 2i2 USB: Microsoft
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  Scarlett 2i2 USB: of
• 0:14
  Scarlett 2i2 USB: using
• 0:15
  Scarlett 2i2 USB: offshore
• 0:15
  Scarlett 2i2 USB: tax
• 0:15
  Scarlett 2i2 USB: havens
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  Scarlett 2i2 USB: to
• 0:16
  Scarlett 2i2 USB: avoid
• 0:16
  Scarlett 2i2 USB: paying
• 0:17
  Scarlett 2i2 USB: U.
• 0:17
  Scarlett 2i2 USB: S.
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  Scarlett 2i2 USB: taxes.
• 0:18
  Scarlett 2i2 USB: The
• 0:18
  Scarlett 2i2 USB: audit
• 0:19
  Scarlett 2i2 USB: focused
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  Scarlett 2i2 USB: specifically
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  Scarlett 2i2 USB: on
• 0:20
  Scarlett 2i2 USB: Microsoft's
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  Scarlett 2i2 USB: use
• 0:21
  Scarlett 2i2 USB: of
• 0:22
  Scarlett 2i2 USB: subsidiaries
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  Scarlett 2i2 USB: located
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  Scarlett 2i2 USB: in
• 0:23
  Scarlett 2i2 USB: Puerto
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  Scarlett 2i2 USB: Rico,
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  Scarlett 2i2 USB: where
• 0:24
  Scarlett 2i2 USB: it
• 0:24
  Scarlett 2i2 USB: was
• 0:24
  Scarlett 2i2 USB: able
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  Scarlett 2i2 USB: to
• 0:25
  Scarlett 2i2 USB: negotiate
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  Scarlett 2i2 USB: favorable
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  Scarlett 2i2 USB: tax
• 0:26
  Scarlett 2i2 USB: rates.
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  Scarlett 2i2 USB: After
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  Scarlett 2i2 USB: a
• 0:27
  Scarlett 2i2 USB: decade
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  Scarlett 2i2 USB: of
• 0:28
  Scarlett 2i2 USB: litigation
• 0:28
  Scarlett 2i2 USB: between
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  Scarlett 2i2 USB: Microsoft
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  Scarlett 2i2 USB: and
• 0:29
  Scarlett 2i2 USB: the
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  Scarlett 2i2 USB: IRS,
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  Scarlett 2i2 USB: the
• 0:30
  Scarlett 2i2 USB: agency
• 0:31
  Scarlett 2i2 USB: has
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  Scarlett 2i2 USB: now
• 0:31
  Scarlett 2i2 USB: determined
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  Scarlett 2i2 USB: that
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  Scarlett 2i2 USB: Microsoft
• 0:32
  Scarlett 2i2 USB: owes
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  Scarlett 2i2 USB: $28.9
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  Scarlett 2i2 USB: billion
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  Scarlett 2i2 USB: in
• 0:35
  Scarlett 2i2 USB: back
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  Scarlett 2i2 USB: taxes
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  Scarlett 2i2 USB: plus
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  Scarlett 2i2 USB: penalties
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  Scarlett 2i2 USB: and
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  Scarlett 2i2 USB: interest
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  Scarlett 2i2 USB: for
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  Scarlett 2i2 USB: the
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  Scarlett 2i2 USB: years
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  Scarlett 2i2 USB: 2004
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: 2013.
• 0:41
  Scarlett 2i2 USB: Microsoft
• 0:42
  Scarlett 2i2 USB: says
• 0:42
  Scarlett 2i2 USB: this
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  Scarlett 2i2 USB: bill
• 0:43
  Scarlett 2i2 USB: is
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  Scarlett 2i2 USB: inflated
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  Scarlett 2i2 USB: by
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  Scarlett 2i2 USB: at
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  Scarlett 2i2 USB: least
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  Scarlett 2i2 USB: $10
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  Scarlett 2i2 USB: billion
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  Scarlett 2i2 USB: and
• 0:45
  Scarlett 2i2 USB: plans
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  Scarlett 2i2 USB: to
• 0:46
  Scarlett 2i2 USB: appeal.
• 0:47
  Scarlett 2i2 USB: Some
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  Scarlett 2i2 USB: background
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  Scarlett 2i2 USB: on
• 0:48
  Scarlett 2i2 USB: how
• 0:48
  Scarlett 2i2 USB: Microsoft
• 0:49
  Scarlett 2i2 USB: set
• 0:49
  Scarlett 2i2 USB: up
• 0:49
  Scarlett 2i2 USB: its
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  Scarlett 2i2 USB: tax
• 0:50
  Scarlett 2i2 USB: avoidance
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  Scarlett 2i2 USB: scheme:
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  Scarlett 2i2 USB: According
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: ProPublica,
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  Scarlett 2i2 USB: in
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  Scarlett 2i2 USB: 2005,
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  Scarlett 2i2 USB: Microsoft
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  Scarlett 2i2 USB: sold
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  Scarlett 2i2 USB: some
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  Scarlett 2i2 USB: of
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  Scarlett 2i2 USB: its
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  Scarlett 2i2 USB: most
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  Scarlett 2i2 USB: valuable
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  Scarlett 2i2 USB: intellectual
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  Scarlett 2i2 USB: property,
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  Scarlett 2i2 USB: including
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  Scarlett 2i2 USB: brands
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  Scarlett 2i2 USB: and
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  Scarlett 2i2 USB: copyrights,
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: an
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  Scarlett 2i2 USB: approximately
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  Scarlett 2i2 USB: 100
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  Scarlett 2i2 USB: person
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  Scarlett 2i2 USB: factory
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  Scarlett 2i2 USB: it
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  Scarlett 2i2 USB: owned
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  Scarlett 2i2 USB: in
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  Scarlett 2i2 USB: Puerto
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  Scarlett 2i2 USB: Rico.
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  Scarlett 2i2 USB: Microsoft
• 1:05
  Scarlett 2i2 USB: had
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  Scarlett 2i2 USB: negotiated
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  Scarlett 2i2 USB: a
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  Scarlett 2i2 USB: deal
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  Scarlett 2i2 USB: with
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  Scarlett 2i2 USB: Puerto
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  Scarlett 2i2 USB: Rico
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: pay
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  Scarlett 2i2 USB: essentially
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  Scarlett 2i2 USB: zero
• 1:08
  Scarlett 2i2 USB: percent
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  Scarlett 2i2 USB: corporate
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  Scarlett 2i2 USB: tax
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  Scarlett 2i2 USB: on
• 1:10
  Scarlett 2i2 USB: the
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  Scarlett 2i2 USB: island.
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  Scarlett 2i2 USB: The
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  Scarlett 2i2 USB: company
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  Scarlett 2i2 USB: then
• 1:12
  Scarlett 2i2 USB: channeled
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  Scarlett 2i2 USB: its
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  Scarlett 2i2 USB: global
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  Scarlett 2i2 USB: profits
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  Scarlett 2i2 USB: through
• 1:13
  Scarlett 2i2 USB: this
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  Scarlett 2i2 USB: Puerto
• 1:14
  Scarlett 2i2 USB: Rican
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  Scarlett 2i2 USB: subsidiary
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  Scarlett 2i2 USB: by
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  Scarlett 2i2 USB: having
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  Scarlett 2i2 USB: it
• 1:16
  Scarlett 2i2 USB: produce
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  Scarlett 2i2 USB: and
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  Scarlett 2i2 USB: sell
• 1:17
  Scarlett 2i2 USB: Microsoft
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  Scarlett 2i2 USB: software.
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  Scarlett 2i2 USB: The
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  Scarlett 2i2 USB: IRS
• 1:19
  Scarlett 2i2 USB: claimed
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  Scarlett 2i2 USB: this
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  Scarlett 2i2 USB: was
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  Scarlett 2i2 USB: illusory,
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  Scarlett 2i2 USB: a
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  Scarlett 2i2 USB: scheme
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  Scarlett 2i2 USB: solely
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  Scarlett 2i2 USB: meant
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: avoid
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  Scarlett 2i2 USB: taxes,
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  Scarlett 2i2 USB: with
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  Scarlett 2i2 USB: the
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  Scarlett 2i2 USB: small
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  Scarlett 2i2 USB: Puerto
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  Scarlett 2i2 USB: Rican
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  Scarlett 2i2 USB: operation
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  Scarlett 2i2 USB: pretending
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  Scarlett 2i2 USB: to
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  Scarlett 2i2 USB: generate
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  Scarlett 2i2 USB: $30
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  Scarlett 2i2 USB: billion
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  Scarlett 2i2 USB: worth
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  Scarlett 2i2 USB: of
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  Scarlett 2i2 USB: profits
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  Scarlett 2i2 USB: by
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  Scarlett 2i2 USB: simply
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  Scarlett 2i2 USB: burning
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  Scarlett 2i2 USB: Microsoft
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  Scarlett 2i2 USB: software
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  Scarlett 2i2 USB: onto
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  Scarlett 2i2 USB: CDs.
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  Scarlett 2i2 USB: The
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  Scarlett 2i2 USB: agency
• 1:33
  Scarlett 2i2 USB: also
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  Scarlett 2i2 USB: claimed
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  Scarlett 2i2 USB: Microsoft
• 1:34
  Scarlett 2i2 USB: had
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  Scarlett 2i2 USB: significantly
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  Scarlett 2i2 USB: understated
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  Scarlett 2i2 USB: its
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  Scarlett 2i2 USB: revenue
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  Scarlett 2i2 USB: projections
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  Scarlett 2i2 USB: during
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  Scarlett 2i2 USB: this
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  Scarlett 2i2 USB: period
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  Scarlett 2i2 USB: by
• 1:38
  Scarlett 2i2 USB: as
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  Scarlett 2i2 USB: much
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  Scarlett 2i2 USB: as
• 1:39
  Scarlett 2i2 USB: $15
• 1:39
  Scarlett 2i2 USB: billion
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  Scarlett 2i2 USB: annually.
• 1:41
  Scarlett 2i2 USB: Fast
• 1:41
  Scarlett 2i2 USB: Company
• 1:42
  Scarlett 2i2 USB: reports
• 1:42
  Scarlett 2i2 USB: that
• 1:43
  Scarlett 2i2 USB: when
• 1:43
  Scarlett 2i2 USB: the
• 1:43
  Scarlett 2i2 USB: IRS
• 1:43
  Scarlett 2i2 USB: started
• 1:43
  Scarlett 2i2 USB: digging
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  Scarlett 2i2 USB: into
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  Scarlett 2i2 USB: the
• 1:44
  Scarlett 2i2 USB: scheme,
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  Scarlett 2i2 USB: Microsoft
• 1:45
  Scarlett 2i2 USB: lobbied
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  Scarlett 2i2 USB: Congress
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  Scarlett 2i2 USB: to
• 1:46
  Scarlett 2i2 USB: try
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  Scarlett 2i2 USB: to
• 1:47
  Scarlett 2i2 USB: restrict
• 1:47
  Scarlett 2i2 USB: the
• 1:47
  Scarlett 2i2 USB: agency's
• 1:48
  Scarlett 2i2 USB: audit
• 1:48
  Scarlett 2i2 USB: reach.
• 1:49
  Scarlett 2i2 USB: A
• 1:49
  Scarlett 2i2 USB: bipartisan
• 1:49
  Scarlett 2i2 USB: bill
• 1:50
  Scarlett 2i2 USB: did
• 1:50
  Scarlett 2i2 USB: pass,
• 1:51
  Scarlett 2i2 USB: but
• 1:51
  Scarlett 2i2 USB: it
• 1:51
  Scarlett 2i2 USB: didn't
• 1:51
  Scarlett 2i2 USB: end
• 1:51
  Scarlett 2i2 USB: up
• 1:52
  Scarlett 2i2 USB: impacting
• 1:52
  Scarlett 2i2 USB: this
• 1:52
  Scarlett 2i2 USB: particular
• 1:53
  Scarlett 2i2 USB: audit.
• 1:54
  Scarlett 2i2 USB: In
• 1:55
  Scarlett 2i2 USB: response
• 1:55
  Scarlett 2i2 USB: to
• 1:55
  Scarlett 2i2 USB: the
• 1:55
  Scarlett 2i2 USB: massive
• 1:56
  Scarlett 2i2 USB: proposed
• 1:56
  Scarlett 2i2 USB: tax
• 1:57
  Scarlett 2i2 USB: bill,
• 1:57
  Scarlett 2i2 USB: Microsoft
• 1:58
  Scarlett 2i2 USB: says
• 1:58
  Scarlett 2i2 USB: it
• 1:58
  Scarlett 2i2 USB: followed
• 1:59
  Scarlett 2i2 USB: all
• 1:59
  Scarlett 2i2 USB: applicable
• 1:59
  Scarlett 2i2 USB: IRS
• 2:00
  Scarlett 2i2 USB: rules
• 2:00
  Scarlett 2i2 USB: and
• 2:01
  Scarlett 2i2 USB: plans
• 2:01
  Scarlett 2i2 USB: to
• 2:01
  Scarlett 2i2 USB: appeal
• 2:01
  Scarlett 2i2 USB: the
• 2:01
  Scarlett 2i2 USB: decision
• 2:02
  Scarlett 2i2 USB: within
• 2:02
  Scarlett 2i2 USB: the
• 2:02
  Scarlett 2i2 USB: agency
• 2:03
  Scarlett 2i2 USB: first,
• 2:04
  Scarlett 2i2 USB: a
• 2:04
  Scarlett 2i2 USB: process
• 2:04
  Scarlett 2i2 USB: expected
• 2:05
  Scarlett 2i2 USB: to
• 2:05
  Scarlett 2i2 USB: take
• 2:05
  Scarlett 2i2 USB: years.
• 2:06
  Scarlett 2i2 USB: If
• 2:06
  Scarlett 2i2 USB: the
• 2:06
  Scarlett 2i2 USB: issue
• 2:07
  Scarlett 2i2 USB: still
• 2:07
  Scarlett 2i2 USB: remains
• 2:07
  Scarlett 2i2 USB: unresolved
• 2:08
  Scarlett 2i2 USB: after
• 2:08
  Scarlett 2i2 USB: going
• 2:08
  Scarlett 2i2 USB: through
• 2:08
  Scarlett 2i2 USB: the
• 2:09
  Scarlett 2i2 USB: IRS
• 2:09
  Scarlett 2i2 USB: appeals
• 2:09
  Scarlett 2i2 USB: process,
• 2:10
  Scarlett 2i2 USB: Microsoft
• 2:11
  Scarlett 2i2 USB: says
• 2:11
  Scarlett 2i2 USB: it
• 2:11
  Scarlett 2i2 USB: will
• 2:11
  Scarlett 2i2 USB: take
• 2:11
  Scarlett 2i2 USB: the
• 2:11
  Scarlett 2i2 USB: case
• 2:12
  Scarlett 2i2 USB: to
• 2:12
  Scarlett 2i2 USB: court.
• 2:12
  Scarlett 2i2 USB: The
• 2:13
  Scarlett 2i2 USB: company
• 2:13
  Scarlett 2i2 USB: also
• 2:13
  Scarlett 2i2 USB: believes
• 2:14
  Scarlett 2i2 USB: the
• 2:14
  Scarlett 2i2 USB: final
• 2:14
  Scarlett 2i2 USB: amount
• 2:14
  Scarlett 2i2 USB: owed
• 2:15
  Scarlett 2i2 USB: will
• 2:15
  Scarlett 2i2 USB: be
• 2:15
  Scarlett 2i2 USB: reduced
• 2:16
  Scarlett 2i2 USB: by
• 2:16
  Scarlett 2i2 USB: taxes
• 2:16
  Scarlett 2i2 USB: already
• 2:17
  Scarlett 2i2 USB: paid
• 2:17
  Scarlett 2i2 USB: overseas.
• 2:18
  Scarlett 2i2 USB: So,
• 2:19
  Scarlett 2i2 USB: this
• 2:19
  Scarlett 2i2 USB: epic
• 2:20
  Scarlett 2i2 USB: audit
• 2:20
  Scarlett 2i2 USB: and
• 2:20
  Scarlett 2i2 USB: legal
• 2:20
  Scarlett 2i2 USB: battle
• 2:21
  Scarlett 2i2 USB: seems
• 2:21
  Scarlett 2i2 USB: far
• 2:21
  Scarlett 2i2 USB: from
• 2:21
  Scarlett 2i2 USB: over.
• 2:22
  Scarlett 2i2 USB: The
• 2:22
  Scarlett 2i2 USB: final
• 2:22
  Scarlett 2i2 USB: tax
• 2:23
  Scarlett 2i2 USB: bill
• 2:23
  Scarlett 2i2 USB: and
• 2:23
  Scarlett 2i2 USB: broader
• 2:23
  Scarlett 2i2 USB: implications
• 2:24
  Scarlett 2i2 USB: for
• 2:24
  Scarlett 2i2 USB: Microsoft
• 2:25
  Scarlett 2i2 USB: and
• 2:25
  Scarlett 2i2 USB: the
• 2:25
  Scarlett 2i2 USB: IRS
• 2:26
  Scarlett 2i2 USB: remain
• 2:26
  Scarlett 2i2 USB: to
• 2:26
  Scarlett 2i2 USB: be
• 2:26
  Scarlett 2i2 USB: seen.
• 2:27
  Scarlett 2i2 USB: We'll
• 2:27
  Scarlett 2i2 USB: stay
• 2:27
  Scarlett 2i2 USB: on
• 2:28
  Scarlett 2i2 USB: this
• 2:28
  Scarlett 2i2 USB: story.
• 2:29
  Scarlett 2i2 USB: This
• 2:29
  Scarlett 2i2 USB: has
• 2:29
  Scarlett 2i2 USB: been
• 2:29
  Scarlett 2i2 USB: a
• 2:29
  Scarlett 2i2 USB: news
• 2:29
  Scarlett 2i2 USB: update
• 2:30
  Scarlett 2i2 USB: from
• 2:30
  Scarlett 2i2 USB: The
• 2:30
  Scarlett 2i2 USB: Accounting
• 2:30
  Scarlett 2i2 USB: Podcast.
• 2:31
  Scarlett 2i2 USB: I'm
• 2:31
  Scarlett 2i2 USB: Blake
• 2:31
  Scarlett 2i2 USB: Oliver.
• 2:32
  Scarlett 2i2 USB: Thanks
• 2:32
  Scarlett 2i2 USB: for
• 2:32
  Scarlett 2i2 USB: listening.