Techlash: How big tech corporations exercise business power and escape democratic control
It is estimated that up to $900 billion is lost to corporate tax avoidance every year. This amounts to almost 40 percent of the global profits of multinationals. These profits are dominated by the big tech MAAFiA group - Microsoft, Apple, Amazon, Facebook and Alphabet. A small number of corporate tax centres in Europe are central to their profit-shifting and wealth-protecting strategies: Ireland, Netherlands, Switzerland and Luxembourg. We know a lot about the economics of tax avoidance.