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RSS FeedsApple & Big Tech tax burdens just 60% of global average, says report
(iMore iPhone)

 
 

11 may 2021 15:26:24

 
Apple & Big Tech tax burdens just 60% of global average, says report
(iMore iPhone)
 


`The existing corporate income tax system is ill adapted to a digitized economy, as it cannot fully account for intangible assets.` What you need to know New research says tech`s big four, including Apple, only pay about 60% of the average tax burden of companies worldwide. Nikkei Asia analyzed 57,000 companies to compare. The average ratios given for the four was 15.4%, 9.7% less than the global average. New research from Nikkei Asia claims that Apple, Google, Amazon, and Facebook only pay around 60% of the average tax burden of more than 50,000 companies worldwide. According to the report: The average tax burden ratio for top American IT companies, collectively known as the `Big Four`-- Google, Apple, Facebook and Amazon -- is about 15%, or around 60% of the average among more than 50,000 large companies worldwide, a recent Nikkei analysis finds. The existing corporate income tax system is ill adapted to a digitized economy, as it cannot fully account for intangibl...


 
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