Article 6WMBC ‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years

‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years

by
Sarah Butler
from Technology | The Guardian on (#6WMBC)

Analysis finds Amazon, Meta, Alphabet, Netflix, Apple and Microsoft averaged 18.8%, compared with 29.7% US average

The big American tech firms known as the Silicon Six" have been accused of paying almost $278bn (211bn) less corporate income tax in the past decade compared with the statutory rate for US companies making the same profits.

Amazon, Meta, Alphabet, Netflix, Apple and Microsoft generated $11tn of revenue and $2.5tn of profits over the past 10 years.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title Technology | The Guardian
Feed Link https://www.theguardian.com/us/technology
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments