Ernst & Young: Accountancy giant advises Google, Apple, Facebook and Amazon on tax affairs
When it comes to the most controversial tax-avoiding US technology companies, one common thread appears: the accountancy giant Ernst & Young (EY).
The firm serves as auditor and tax adviser to Google, Apple, Facebook and Amazon – the businesses which have come under the most fire for avoiding taxes. EY’s presence at each multinational makes it by far the most prevalent accountant in the current tax controversy.
The work is hugely lucrative: publicly available accounts show it billed the four firms some $245m (£171m) in recent years. Of that, $34.5m was for advice on tax affairs, with the rest for auditing the accounts – an activity that includes checking the company’s statements to the taxman are accurate.