This is the best summary I could come up with:

Microsoft’s corporate VP for worldwide tax and customs Daniel Goff responded to the audit in a blog post, and says the company has changed its corporate structure and practices since the years covered by the audit.

“The issues raised by the IRS are relevant to the past but not to our current practices,” Goff states.

The IRS’s proposed adjustments don’t reflect the amounts the company paid under the Tax Cuts and Jobs Act, according to Goff, who claims that could decrease the final tax owed by up to $10 billion.

Microsoft says it disagrees with the IRS’s “proposed adjustments” and will “vigorously contest” them.

In the same blog, Microsoft says it doesn’t expect the dispute to be resolved in the next 12 months.

Separately, the company recently reigned victorious over the FTC, which failed to secure a preliminary injunction against Microsoft’s plan to acquire Activision Blizzard for $68.7 billion — a deal expected to close on October 13th.

The original article contains 212 words, the summary contains 158 words. Saved 25%. I’m a bot and I’m open source!