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The ActionAid International in a report says $2.8 billion with which 9 lakh teachers in poor countries can be paid are evaded by the US tech giants in various countries. The United States technology giants like Google, facebook, Amazon are evading almost $2.8bn tax a year in developing countries by using the flaws in the global tax rules. The developing countries around the world are blaming Facebook, Google and Microsoft for neglecting to pay a considerable amount of taxes.
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The negligence in the small and poor nations where governments are attempting to give even essential medical care or instruction to their residents means a lot. ActionAid is a global federation working for anti-poverty and anti-injustice projects around the world. The amount evaded called 'tax gap' could have been used to pay for more than 700,000 new teachers or 850,000 primary school teachers. It is not mandatory for the tech giants to publicly disclose the tax information hence a little information is known.
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ActionAid said “This research shows, however, that billions could be at stake in the long-overdue reform of international corporate taxation – enough to transform underfunded health and education systems in some of the world’s poorest countries". Countries like Congo who are appraoching UNICEF for financial assistance to its educational department can be benefited if these technical giants are open.
