Amazon, Apple, Facebook & Other Tech Giants Saved $100 Billion In Taxes Since 2010

Amazon, Apple, Facebook & Other Tech Giants Saved $100 Billion In Taxes Since 2010

4 years ago
Anonymous $4bURcB5AtU

https://wccftech.com/apple-amazon-facebook-100-billion-taxes/

As we head to the end of 2019, corporate taxes are the talk in tech town. Given that digital companies such as Facebook, Amazon and Google have different operating models than their traditional counterparts, governments and company representatives are often at odds when it comes to taxation. This has brought the United States and France face to face, as the former has officially stated that the latter's Digital Services Tax is discriminatory against American companies. While we're on the topic of taxes, a report by a British organization uses information from the companies' annual reports to show just how much tax they end up putting in different state kitties.

Research by Fair Tax Mark shows that over the past decade, the six big Silicon Valley tech giants Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Google (NASDAQ:GOOG), Netflix (NASDAQ:NFLX), Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB) have collectively saved up $100 billion in taxes.  This amount reflects the difference between what the companies have listed as tax provisions in their annual reports and the amount that they've handed over to the authorities in the form of cash taxes.