And I won't write about Amazon

[asikurrahmanshuvo]

Starbucks
“Inspiring and nurturing the human spirit. One person, one cup and one neighbor at a time.”

Starbucks tells us that its brand purpose is to build community while doing everything it can to minimize its tax payments .

In 2017, Starbucks paid just 2.8% in taxes .

And what do Nike, Zoom, FedEx, Salesforce, Verisign, Xilinx and many other brands have in common? According to the Institute of Economic and Tax Policies (Itep), they paid $0 in Federal Taxes in 2020 .

Should we mention Netflix?
Netflix continues its tax-dodging streak , reporting an effective federal corporate tax rate of 1.1% in 2021 on $5.3 billion in profits.

The company avoided more than $1 billion in taxes in 2021 alone.

At a time when many small businesses are facing ghana phone number list pandemic-related challenges, Netflix is ​​among the large corporations that are profiting handsomely from the shift in consumer behavior.

However, its UK-generated sales and profits are shifted elsewhere and many are asking whether and when the company will start paying any corporation tax .

The company recently reported record profits of more than $35 billion, but it has (legally) avoided about $5.2 billion in federal corporate income taxes since 2018, despite receiving hefty state-level subsidies.

However, I'm not going to waste your time (and mine) on Amazon: an entire book or a series of documentaries will not be enough to list all of its controversies, from poor working conditions to environmental impact... from social challenges to opposition to trade and unions, and then privacy violations, antitrust issues and all sorts of scandals that the company continues to perpetrate .