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‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years
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. The report comes as the US tech companies’ influence has been highlighted by the presence of their bosses including Amazon’s Jeff Bezos, Apple’s Tim Cook and Meta’s Mark Zuckerberg at Donald Trump’s second inauguration. A significant tax cut for such companies has reportedly been at the heart of discussions with the UK in its attempts to secure lower tariffs on its products exported to the US.
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