Washington, Aug 23 : Tech giant Microsoft saves almost 30 billion dollars by avoiding taxes and holds income accounts of 92.9 billion dollars outside of the United States.

According to Mashable, the U. S. government said that Microsoft is not doing its economic responsibilities as an American company while Microsoft claimed that it was only doing business.

Microsoft said that the cash kept overseas was generated outside the U. S. and that it would be spent there.

According to reports, United States companies hold almost two trillion dollar income in foreign accounts. (ANI)