Back to today’s briefing

Story perspectives

Silicon Six Evade $278 Billion in Taxes, Urged to Reform

4/15/2025

31 6

Left

Silicon Six Tax Evasion

The Fair Tax Foundation's report uncovers a staggering truth: the "Silicon Six"—Amazon, Meta, Alphabet, Netflix, Apple, and Microsoft—evaded nearly $278 billion in taxes over the last ten years, paying just 18.8% on average, far below the 29.7% statutory rate. The foundation urges an end to tax breaks and advocates for a global minimum tax to ensure fairness.

Center

Retailers Urge Government

British retailers are on high alert as low-cost Chinese goods may flood the U.K. market, thanks to U.S. tariffs. The British Retail Consortium fears this could spell disaster for local businesses. Retailers are calling on the U.K. government to reconsider its tax exemptions on imports to shield domestic markets from this looming threat.

History

Historical Context

The Fair Tax Foundation's report on the "Silicon Six" reflects a long-standing trend of corporate tax avoidance, reminiscent of the 2017 U.S. Tax Cuts and Jobs Act. This act incentivized profit shifting to low-tax jurisdictions, prompting global calls for a minimum tax to ensure fair contributions from multinationals.

1 of 3

Silicon Six Tax Evasion

The Fair Tax Foundation's report uncovers a staggering truth: the "Silicon Six"—Amazon, Meta, Alphabet, Netflix, Apple, and Microsoft—evaded nearly $278 billion in taxes over the last ten years, paying just 18.8% on average, far below the 29.7% statutory rate. The foundation urges an end to tax breaks and advocates for a global minimum tax to ensure fairness.

1 / 3