‘Silicon Six’ tech giants accused of inflating tax payments by almost $100bn

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Study claims firms paid $96bn less in tax between 2011 and 2020 than the notional figures cited in their annual reports

Under pillar one, taxing rights would be granted to a portion of a multinational’s profits based on where its customers reside, irrespective of the company’s physical presence in that location. That might include a threshold that would mean this captures the world’s 100 biggest multinationals but not smaller companies.

 

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Those tech companies should pay tax on revenues, not profits. It's just too easy for them to move their profits to another country.

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