They don't begin to explain the decades of major US corps, including the FAANG group, of paying zero-to-trivial US taxes.
It is the long-term sum of all the evasion, even if it is technically legal, that amounts to theft.
Even if it is technically legal, the net result is theft. There are many tax dodges that are -in practice- available only to large corporations simply because the costs of the setup and/or the costs of the army of financial experts and tax attnys is so high that it only works at scale. So FAANGs can take advantage of it, and leave the tax bill to all the small startups.
If you have a better solution, by all means, propose it.
Stop making single-point excuses about the trees when the forest is the problem.
https://www.cnbc.com/2019/04/03/why-amazon-paid-no-federal-i...
Yet, people are up in arms over it.
If company A experiences actual results (and reports) -50 two years ago, 0 last year, and +50 this year in operating profits, in my view, they should owe no taxes on their profits, as they have had none. There's nothing gaming or scamming about that in my view. If your method suggests they should report -50, 0, 0, (or 0, 0, 0) I think that's actually obscuring their true results.
In that specific case, what would you suggest they report for each of those years?