Big Tech and Taxes
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Revision as of 18:39, 11 February 2022 by Btw admin (talk | contribs) (Created page with "* A Study By Fair Tax Mark, A British Organization That Certified Businesses For Good Tax Conduct, Found That Facebook, Apple, Amazon, Netflix, Google, And Microsoft Had A Combined “Tax Gap” Of More Than $100 Billion From 2010 To 2019. * “Tax Gap” Referred To The Difference Between A Company’s Tax Provisions, Or Amount They Set Aside For Taxes In Their Financial Reports, And The Amount They Actually Paid To The Government. * 2010 – 2017: The Six Companies Exa...")
- A Study By Fair Tax Mark, A British Organization That Certified Businesses For Good Tax Conduct, Found That Facebook, Apple, Amazon, Netflix, Google, And Microsoft Had A Combined “Tax Gap” Of More Than $100 Billion From 2010 To 2019.
- “Tax Gap” Referred To The Difference Between A Company’s Tax Provisions, Or Amount They Set Aside For Taxes In Their Financial Reports, And The Amount They Actually Paid To The Government.
- 2010 – 2017: The Six Companies Examined In The Study Paid An
- Average 15.9 Percent Overall Corporate Tax Rate At A Time When The Headline Rate In The U.S. Was 35 Percent.
- Fair Tax Mark Reported That The Bulk Of The Shortfall “Almost Certainly Arose Outside The United States,” With Foreign Tax Charges Amounting To Just 8.4% Of The Profit The Companies Made Overseas During The Decade.
- Anup Srivastava, An Associate Professor At The Haskayne School Of Business In Canada, Said Low Tax Rates Paid By Big Tech Companies Were Due To Both Tax Avoidance Strategies And An Outdated International Tax System.
- Tech Monitor Reported That Big Tech Companies Paid Much Lower Tax Rates Outside Of The U.S. Despite Considerable Revenue Gains.
