The world's largest technology companies, known as the "Silicon Six," have paid nearly $278 billion…
Breitbart By Lucan Nolan
The world’s largest technology companies, known as the “Silicon Six,” have paid nearly $278 billion less in corporate income tax over the past ten years than would be expected based on the average statutory tax rate for U.S. companies, according to a new report by the Fair Tax Foundation (FTF).
TechSpot reports that a recent analysis conducted by the Fair Tax Foundation (FTF) has reignited the debate over how much tax the world’s largest technology companies pay. The report reveals that the so-called “Silicon Six” – Amazon, Apple, Google parent Alphabet, Meta, Microsoft, and Netflix – have collectively avoided paying $278 billion in corporate income tax over the past decade.
The FTF scrutinized the financial records and tax strategies of these digital giants, whose combined market capitalization now exceeds $12.9 trillion, making them more valuable than the entire FTSE 100 and Euro Stoxx 50 indices combined. According to the report, the Silicon Six generated $11 trillion in revenue and $2.5 trillion in profits over the last ten years. However, their average effective corporate tax rate was just 18.8 percent, significantly lower than the U.S. average of 29.7 percent and the global average of 27 percent during the same period.
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