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US Cracks Threaten Global Tax Plan

The OECD’s corporate tax reforms promise international alignment, but investors should not take progress for granted.  

Between 2011 to 2020, the ‘Silicon Six’ - Amazon, Facebook, Alphabet, Netflix, Apple and Microsoft - paid US$96 billion less in tax than the notional taxation figures cited in their annual financial reports.  The study, published by the campaign group Fair Tax Foundation, said Amazon collected US$1.6 trillion in revenue,…

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