Amazon Paid Zero Corporate Tax For Second Year In A Row | WHAT REALLY HAPPENED


Amazon Paid Zero Corporate Tax For Second Year In A Row

President Trump has never hidden his disdain for cyber-retailing giant Amazon Inc., accusing the company of unfair tax practices and antitrust violation. The president probably won’t be too amused by a new report that the company avoided paying any federal income tax in 2018 for the second year in a row despite posting billions of dollars in profits.

The purveyor of two-day delivery of just about everything posted a massive net income of $11.2 billion in fiscal 2018 after doubling it from the previous year’s tab of $5.6 billion. Yet, a report by the Institute on Taxation and Economic Policy (ITEP) shows that the company did not pay a single cent in income tax on both occasions—ironically in large part due to Trump’s tax bonanza of 2017.

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