China has fined Microsoft $140 million

Chinese authorities have fined Microsoft $140 million for tax evasion. The company has agreed to pay the entire amount.

Government Agency Xinhua said on the company whose name begins with the letter M, punished for fraud pricing of cross-border goods for 140 million dollars. Economic characteristics of the organization coincide with the testimony of Microsoft.

Furthermore, Microsoft has published a statement in which he agreed to pay tax debts "within the extended bilateral agreement on tariffs when conducting operations in China". The company refused to discuss an integral part of the agreement, for example for what period must be paid.

Xinhua reported also about the discrepancy between the Central profitability in the Chinese market (12%) and signs "company M"receiving funds over the past 6 years at 18%. This is not the 1st problem Microsoft in the Chinese market. In early July 2014 competition authorities have initiated an investigation against the company, informed the newspaper "Vedomosti". Component parts were not disclosed, but experts believe that this is due to the discontinued support for Windows XP to force users to upgrade to Windows 8.

Despite the problems of the company, she continues to produce fresh food. Earlier Days.Ru wrote about that instead of Nokia, Microsoft introduced the 1st phone under its own brand Microsoft Lumia 535, the design of which continues the ideology of the Nokia Lumia.

Microsoft Lumia 535 will be sold in the installation options one or 2 SIM cards. The screen is a 5-inch IPS-display with a resolution of 960 x 540 pixels, a processor with a frequency of 1.2 GHz, 1 GB timely and 8 GB of internal memory expandable. The phone has a 5-megapixel main and a front-facing wide-angle camera. The phone supports 3G networks, and its removable battery 1905 mAh will last for 8.5 hours of work in the browser when connecting to Wi-Fi or 6.5 hours of video playback.

sections: World News, Economics