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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/01 05:04:24 pm
216 USD   +0.90%
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Microsoft : Federal Court Holds Microsoft Documents Not Privileged, Falling Within Tax Shelter Exception

02/26/2020 | 05:12am EST

On January 17, 2020, a federal district court in Washington ordered Microsoft Corporation ("Microsoft") to produce many documents to the Internal Revenue Service ("IRS") that Microsoft asserted were privileged. Microsoft had argued that most of the documents were protected by protected by the work product doctrine and the federally authorized tax practitioner privilege set forth in 26 U.S.C. § 7525 ("tax practitioner privilege"), and that a small number of documents were protected by the attorney-client privilege. For the majority of the documents, the court held that none of these protections applied. The court held the work product protection did not apply because there was no active litigation at the time and the primary purpose of the communications was business, not legal. The court held the tax practitioner privilege did not apply to Microsoft's communications with KPMG LLP ("KPMG") because the communications fell within the tax shelter exception to the tax practitioner privilege (in § 7525(b)). The court concluded that "a significant purpose, if not the sole purpose, of Microsoft's transactions was to avoid or evade federal income tax."

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Ms Kat Saunders Gregor
Ropes & Gray LLP
1211 Avenue of the Americas
New York
NY 10036-8704
UNITED STATES
Tel: 2125969000
Fax: 2125969090
E-mail: Mondaq@ropesgray.com
URL: www.ropesgray.com

© Mondaq Ltd, 2020 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 32,0x
Yield 2021 1,01%
Capitalization 1 635 B 1 635 B -
EV / Sales 2021 9,86x
EV / Sales 2022 8,81x
Nbr of Employees 163 000
Free-Float 99,9%
Chart MICROSOFT CORPORATION
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 216,21 $
Spread / Highest target 28,6%
Spread / Average Target 12,1%
Spread / Lowest Target -16,7%
EPS Revisions
Managers
NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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