
Wall Street Mav|Apr 22, 2025 15:45
Amazon, Meta, Alphabet, Netflix, Apple, and Microsoft-known as the "Silicon Six"
Accused of avoiding nearly 278 billion in U.S. corporate taxes over the past 10 years, according to the Fair Tax Foundation (FTF).
The report says these tech giants paid an average tax rate of 18.8%, well below the standard U.S. rate of 29.7% for similar profits. Combined, they earned 11 trillion in revenue and 2.5 trillion in profit during the period.
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