The World’s Larganst Technology Companies, Known as the “Silicon Six,” have paid nearly $ 278 billion in corporate income tax over the past ten Years Than Would Be Expected Based On The Average Statuteory Tax Foundies, According to A A A A A A A A A A A A A A A A A A A A A A New Tax Funings, A New Tax FOUSIONIES, A New Tax Funings Funtings Funtings Funtings Funtings Funtings Funtings Funtingysings A Taffusings A Taffossings A Functionings Funingssss.
Techspot reports that a recent analysis by Fair Tax Foundation (FTF) has revived the debate on the amount of taxes paid by the world’s largest technology companies. The report reveals that the so-called “Six Six” -amazon, Apple, Google Parent Alphabet, Meta, Microsoft and Netflix-have collectively made that they pay $ 278 billion in Corporate Income Tax during the last decade.
The FTF examined the financial records and fiscal strategies of these digital giants, whose combined market capitalization now exceeds the indexes of $ 12.9 billion, which makes them more valuable than all FTSE 100 and Euro Stoxx 50 indices. However, its average effective corporate tax rate was only 18.8 percent, significant lower than the US average of 29.7 percent and the global average of 27 percent.
The report emphasizes that these companies have inflated their tax payments reported at $ 82 billion by including tax contingencies, amounts reserved for possible future fiscal taxes that do not expect to pay. By excluding unique repatriation tax payments related to historical fiscal avoidance, its effective rate falls even more to 16.1 percent.
Paul Monaghan, executive director of the Feria Foundation Foundation, argues that fiscal avoidance remains “connected” to the business models of these companies. Companies use aggressive fiscal practices, such as the reserve of profits in low tax jurisdictions and the baked of taxes such as the deduction of intangible income derived from the United States (FDII), which there to pay as little as little as little. FDII has been deprivationly lucrative for Six Six, producing $ 12 billion in fiscal relief only in 2024 and totaling $ 30 billion in the last three years.
The FTF report classifies Amazon as it has the “worst fiscal behavior”, citing its profits of profits, as reserving a significant part of its income in the United Kingdom in Luxembourg, a jurisdiction of low tax. However, Amazon’s average corporate tax rate during the decade was 19.6 percent, higher than Netflix (14.7 percent), goal (15.4 percent) and Apple (18.4 percent). Microsoft paid the highest rate with 20.4 percent.
The report also draws attention to the growing gap between taxes on the real payment of these companies and what is reported in their financial statements. During the decade, the difference between the main tax rates and paid cash taxes reached $ 277.8 billion, while the gap between the reported tax provisions and the paid cash tax was $ 82.1 billion.
In response to the report, the representatives of Amazon, Meta and Netflix emphasized their compliance with existing fiscal laws and regulations. They highlighted their important investments in jobs and infrastructure, arguing that the thesis, combined with low -profit margins, naturally result in a lower cash tax rate.
The influence of Silicon Six extends beyond its financial power, with the companies that spent $ 115 million in the lobbying governments in the United States and the European Union only in 2024. Its fiscal strategies are drawing a growing scrutiny of policy formulators throughout the world, which caused a mosaic or responses such as digital services tax Türkiye
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Lucas Nolan is a reporter of Knitbart News that cover issues of freedom of expression and online censorship.