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简体中文A new analysis reveals that the “Silicon Six” – Amazon, Meta, Alphabet, Netflix, Apple, and Microsoft – allegedly avoided nearly $278 billion in U.S. corporation taxes over the past decade.
Report Highlights Significant Tax Discrepancies
The Fair Tax Foundation (FTF) reports that these tech giants, despite generating $11 trillion in revenue and $2.5 trillion in profits, paid an average of 18.8% in combined national and federal corporation taxes. This figure is substantially lower than the average 29.7% paid by other U.S. companies.
Key Findings:
- Tax Avoidance: The FTF accuses the “Silicon Six” of “hardwiring” tax avoidance into their business models.
- Lower Effective Rate: Excluding one-off repatriation tax payments, the average corporate income tax contribution drops to 16.1%.
- Inflated Payments: Companies allegedly inflated tax payments by $82 billion by including contingencies for taxes they didn’t expect to pay.
Paul Monaghan, chief executive of the FTF, criticized the companies’ “aggressive tax practices,” including contingency tax positions and extensive lobbying efforts.
Company Responses
While some companies defended their practices, citing compliance with tax laws and significant investments, the report raises questions about the fairness and effectiveness of current tax regulations.
- Amazon: Claims UK revenues, expenses, profits and taxes are recorded in the UK.
- Meta: States they follow international and local tax rules.
- Netflix: Said to comply with relevant tax rules and regulations in every country.
This analysis is set to fuel further debate on corporate tax responsibilities and the need for reform to ensure equitable contributions from major tech corporations.