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.
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.
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