Microsoft EULA lands it with $175m Indian tax headache
"The Product is licensed, not sold."
Those six words just cost Microsoft's Indian operation $87.5m (350 crore) in tax payments and the same again in interest.
Basing its ruling on the terms of Microsoft's own EULA (end-user license agreement), an Indian court has ordered the company to pay tax on royalty income generated in the country, Tax India Online (TIOL) reports.
http://www.channelregister.co.uk/2008/0 ... ax_ruling/
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