Amazon pays zero federal taxes for second year in succession despite doubling profits, says new ...
saw its profits grow from $5.6bn (£4.3bn) in 2017 to $11.2bn (£8.7bn) in 2018, it will actually receive a tax rebate of $129m (£100m). “The company’s newest corporate filing reveals that, far from paying the statutory 21 per cent income tax rate on its US income in 2018, Amazon reported a federal income tax rebate of $129m,” said the report by the Institute on Taxation and Economic Policy (ITEP), which describes itself as a “non-partisan, non-profit think thank”, based in Washington DC. “For those who don’t have a pocket calculator handy, ...
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