I know NOL carryforwards are reported today, done it myself for a small corp. I don't see anyone up in arms about it. A NOL carryforward is easily understood, and legitimate ones don't last long, especially against scaled massive profits.

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.