Article 5JFB4 ‘Silicon Six’ tech giants accused of inflating tax payments by almost $100bn

‘Silicon Six’ tech giants accused of inflating tax payments by almost $100bn

by
Rupert Neate Wealth correspondent
from Technology | The Guardian on (#5JFB4)

Study claims firms paid $96bn less in tax between 2011 and 2020 than the notional figures cited in their annual reports

The giant US tech firms known as the Silicon Six" have been accused of inflating their stated tax payments by almost $100bn (70bn) over the past decade.

As Chancellor Rishi Sunak called on world leaders to back a new tech tax ahead of next week's G7 summit in the UK, a report by the campaign group Fair Tax Foundation singled out Amazon, Facebook, Google's owner, Alphabet, Netflix, Apple and Microsoft.

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