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You are here: Home / Blog / Response / Response: Tech Giants: Above the Law

Response: Tech Giants: Above the Law

7th August 2017 By Greg Ferro Filed Under: Response

Tax avoidance by tech companies is a serious issue. Someone has to pay for police, roads, governments etc that they need to survive.

For economies to thrive, companies need to hand over a quarter of their profits.

But the Four Horsemen – Apple, Amazon, Google, and Facebook — pay far less than the average US corporate tax rate.

Loser: future generations, who will have to pay off the debt racked up by politicians unwilling to tax the most profitable companies in the world.

The other side of the question, what happens to tech companies if they paid the same amount of tax as everyone else. Would they be able to compete ? Would we have less social problems like poverty and be able to re-train people to better jobs ?

 

About Greg Ferro

Human Infrastructure for Data Networks. 25 year survivor of Corporate IT in many verticals, tens of employers working on a wide range of networking solutions and products.

Host of the Packet Pushers Podcast on data networking at http://packetpushers.net- now the largest networking podcast on the Internet.

My personal blog at http://gregferro.com

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