Norwegian School of Economics Bergen, Spring 2015 MONEY MOVES: TAX PLANNING IN MULTINATIONAL COMPANIES A Case of Microsoft Susana Anggraeni Thesis Advisor: Professor Guttorm Schjelderup Master thesis, Financial Economics and International Management NORWEGIAN SCHOOL OF ECONOMICS This thesis is written as a part of the Master Science in Economics and Business Administration at Norwegian School of Economics and Master in International Management (CEMS). Please note that neither the institution nor the examiners are responsible – through the approval of this thesis – for the theories and methods used, or results and conclusions drawn in this work.