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| Analysts accuse big U.S. tech firms of paying almost $278 billion less corporate income tax in the past decade compared with the statutory rate for U.S. companies making the same profits. The Guardian reveals Amazon, Meta, Alphabet, Netflix, Apple and Microsoft --the 'Silicon Six'-- generated a combined $11 trillion in revenue and $2.5 trillion in profits over the last decade. But they paid an average of just 18.8% in combined national and federal corporation taxes, compared with an average 29.7% in the U.S., according to the Fair Tax Foundation (FTF). |
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At www.alternet.org from AlterNet
At www.alternet.org from AlterNet
