MICROSOFT MADE $4 BILLION IN 2001, USING PUERTO RICO AS AN IRS OFFSHORE TAX SHELTER YET BANKRUPT PUERTO RICO OWES MICROSOFT $8 MILLION

PUERTO RICO OWES $8 MILLION TO MICROSOFT & $12 BILLION TO BPPR


It owes $8 million to Microsoft & $12 billion to Banco Popular de PR

Banco Popular de Puerto Rico,the trustee on the massive bonds the island has issued

Puerto Rico owes Microsoft more than $8 million for "services" the software company has provided. It also owes $3.2 million to Manpower, a talent recruitment agency.

Five Facts About Puerto Rico's Utter Economic Misery
Unemployment rate high on island nation

By JACKIE WATTLES May 08, 2017
CNN MONEY

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HOW MICROSOFT AVOIDED BILLIONS IN TAXES, AND WHAT THE GOP SAYS IT WILL DO ABOUT IT -
by Max Ehrenfreund

Feb10, 2017

On paper, Microsoft’s facility in Puerto Rico was wildly profitable. With just 177 workers, the plant recorded $4 billion in earnings in 2011, a Senate investigation found.