From DailyTech: Fallout and repercussions over the Obama administrations bickering with China's ruling party continues to reverberate in the world's largest electronics market, producing painful consequences for American tech companies.
In recent months Apple, Inc. (AAPL) saw its iPad and iPhone blacklisted from certain government acquisition lists. And China's government "banned" Microsoft Corp.'s (MSFT) Windows 8 from official use, saying it was a security risk. The Chinese government has previously snubbed Windows 8 on a different basis, claiming it was too expensive. Most Chinese government computers are today still running Microsoft Windows XP.
Now Chinese officials have gone a step further.
A post by China’s state-owned Xinhua news agency reported on a tax crackdown against Microsoft. The report indicates that Chinese officials have accused Microsoft of tax evasion and have fined it CN¥840M (CN¥ = Chinese Yuan) in back taxes and interest. That's no paltry sum; it totals roughly $137M USD. What's more, Microsoft must also make an early payment of CN¥100M ($16.3M USD) to cover its next year of taxes.
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