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ISSUE – Dec. 03| Silicon Valley giants accused of avoiding over $100 billion in taxes over the last decade

Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are sometimes collectively referred to as the “Silicon Six.” The research, published Monday, analyzed their 10-K filings, which are financial forms submitted by businesses to the U.S. government. [ CNBC ]

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