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Big Tech avoided $278 billion in corporate tax over the past decade, says watchdog | Amazon, Apple, Alphabet, Meta, Microsoft, and Netflix paid just 18.8 percent tax on $2.5 trillion profits
The analysis, conducted by the Fair Tax Foundation (FTF), scrutinizes the financial records and tax strategies of these digital giants, whose combined market capitalization now exceeds $12.9...
The FTF's report ranks Amazon as having the "worst tax conduct," citing its profit-shifting practices, such as booking a significant portion of its UK income in Luxembourg, a low-tax jurisdiction. These positions and an additional $10.1 billion in potential interest and penalties may further inflate the companies' reported tax charges, giving a misleading impression of their actual contributions. Amazon highlighted its significant investments in jobs and infrastructure, arguing that these, combined with low-profit margins, naturally result in a lower cash tax rate.
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