Daily Tax Report ®

Silicon Valley Giants Dispute Report’s Claim They Pay Little Tax

Dec. 2, 2019, 7:14 PM

Six U.S. tech companies disputed a report accusing them of not paying their fair share of taxes.

The “Silicon Six”—Alphabet Inc.’s Google, Apple Inc., Facebook Inc., Amazon.com Inc., Netflix Inc., and Microsoft Corp.—paid far less in taxes on profits than is commonly understood, according to a Dec. 2 statement and summary of the report from Fair Tax Mark, a U.K.-based nongovernmental organization.

“Our analysis of the long-run effective tax rate of the Silicon Valley Six over the decade to date has found that there is a significant difference between the cash taxes paid and both the headline rate of...

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