Report: Amazon To Pay $0 In Federal Income Taxes

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Amazon will not pay any federal income taxes for the second year in a row, according to a report released Wednesday

The Institute on Taxation and Economic Policy found that the online retailer, which reported $11.2 billion in profits in 2018, did not pay income tax because of unnamed “tax credits” in their disclosure.

The company will reportedly receive a $129 million federal income tax rebate, effectively making their tax rate -1 percent.

The company also reportedly paid zero federal income taxes for 2017, when it made $5.6 billion in U.S. income.

Read more at The Hill.

{Matzav.com}

1 COMMENT

  1. How much was the net income? Did they have losses from prior years? Did the author of the article see the tax return? Very uninformed article.

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