When 19-year-old, working-class kids go abroad,

[Uncle Joe]

Link to tweet

(snip)

Speaking to CNBC via telephone on Monday, Paul Monaghan, CEO of Fair Tax Mark, said there was an enormous difference between what companies accounted for and what they actually handed over in taxes.

“The amount of tax being paid by these businesses is $100 billion less than reported in their accounts,” he said.

(snip)

Amazon was named the worst offender of the six firms, with the report claiming the e-commerce giant had paid $3.4 billion in income taxes since 2010. Fair Tax Mark noted that cash tax paid by the organization amounted to 12.7% of its profit over the decade, despite corporate tax in the U.S. being set at 35% for seven of the years included in the analysis period. President Donald Trump cut corporation tax rates from 35% to 21% in 2017.

“The company is growing its market domination across the globe on the back of revenues that are largely untaxed and can unfairly undercut local businesses that take a more responsible approach,” the report said.

(snip)

https://www.cnbc.com/2019/12/02/silicon-valley-giants-accused-of-avoiding-100-billion-in-taxes.html

[JoeOtterbein]

1. K n R ! Thanks for posting! nt

[Initech]

2. We could seriously pay for all the cuts Trump is making to SNAP with that money and then some.

Fuck the billionaires.

[DBoon]

3. Quote from Bernie, explaining the OP subject

When 19-year-old, working-class kids go abroad, it’s to fight and die in Iraq and Afghanistan.

When Silicon Valley billionaires run abroad, they go to Bermuda to avoid paying their fair share of taxes. What patriotism! What love of country!

[brooklynite]

4. I'm willing to bet a fair number of Bernie's millennial voters have AMAZON PRIME accounts...