Google, Facebook, Apple, and Amazon use complex accounting methods to greatly reduce their tax bills, while greatly increasing spending on lobbying US and European governments.
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People are getting angry about tech giants avoiding taxes
Zdnet
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Published November 24, 2013
TECHi's Take
Headlines ,such as this one from a Reuters story: “Google paid $55m in UK taxes on $5.5bn sales in 2012” anger many regular tax payers in the US, UK, France, and frankly, everywhere. These companies use legal loopholes and international transactions to weave a complex web of tax avoidance.
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