Microsoft Report Shows Billions in Irish Tax Savings Linked to AI
Microsoft’s annual report and newly released Irish disclosures show the company saved almost $3.5 billion in taxes by booking substantial profits in Ireland, tied to the jurisdiction’s lower corporate tax rate. Microsoft also expects to cut current tax expense on this year’s income by up to $12 billion through tangible-asset investments, and owed about 2.5% federal tax on over $100 billion of domestic income, raising concerns about capturing AI-driven profits under the current U.S. tax code.