Friday, February 22, 2019

Tax Free

Amazon nearly doubled its profits to $11.2bn in 2018 from $5.6bn the year before and, for the second year running didn’t pay a single cent of federal income tax

In fact, Amazon reported a federal income tax rebate for the past two years totalling almost $270m according to the Institute on Taxation and Economic Policy analysis of Securities and Exchange Commission filings. 

Netflix also paid no federal or income tax on profits of $845m last year.

No comments: