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Stockreport

The ‘Silicon Six' accused of avoiding nearly $300bn in taxes, new report says [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
New research from the non-profit Fair Tax Foundation (FTF) calculates that the so-called “Silicon Six” – Alphabet Amazon Apple Meta Microsoft and Netflix – generated a combined $11tn of revenue and $2.5tn of profits over that time period. However, the same six paid an average of 18.8 percent in combined national and federal corporation taxes, compared to the average rate for companies operating in the United States, which is 29.7 percent. That percentage falls even lower to just 16.1 percent if one-off repatriation payments in the U.S. connected to historical tax avoidance are excluded. “Our analysis would indicate that tax avoidance continues to be hardwired into corporate structures,” said the FTF's chief executive Paul Monaghan. “The Silicon Six's corporate income tax contributions are, in percentage terms, way below what sectors such as banking and energy are paying in many parts of the world.” According to the foundation's analysis, Netflix recorded the lowest rate of [Read more]
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Stockreport

The ‘Silicon Six' accused of avoiding nearly $300bn in taxes, new report says [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
New research from the non-profit Fair Tax Foundation (FTF) calculates that the so-called “Silicon Six” – Alphabet Amazon Apple Meta Microsoft and Netflix – generated a combined $11tn of revenue and $2.5tn of profits over that time period. However, the same six paid an average of 18.8 percent in combined national and federal corporation taxes, compared to the average rate for companies operating in the United States, which is 29.7 percent. That percentage falls even lower to just 16.1 percent if one-off repatriation payments in the U.S. connected to historical tax avoidance are excluded. “Our analysis would indicate that tax avoidance continues to be hardwired into corporate structures,” said the FTF's chief executive Paul Monaghan. “The Silicon Six's corporate income tax contributions are, in percentage terms, way below what sectors such as banking and energy are paying in many parts of the world.” According to the foundation's analysis, Netflix recorded the lowest rate of [Read more]
IMPACT SNAPSHOT
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AMZN
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