Microsoft hit with $140M tax evasion bill in China

China has levied about $140 million in back taxes from Microsoft Corp. in the first major case concerning cross-border tax evasion in the country, as regulators ramp up pressure on U.S. corporations doing business there.

Reuters reports the tech giant must pay back the Chinese government, as well as 100 million yuan in additional taxes per year in the future.

The tax payment is only the latest headache for Microsoft in China, where it is already under investigation by antitrust regulators.

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