Deadline: Joe Biden Slams Netflix & Amazon On Taxes, Again
media mentionThe tax debate flared after President Donald Trump and the Republicans reworked the corporate tax code in 2016, slashing the corporate tax rate to 21%, from 35%.
A widely cited analysis by Washington, D.C. think tank the Institute on Taxation and Economic Policy last year analyzed 2018 financial filings of the country’s largest publicly held companies and found that dozens of them, including Amazon and Netflix but also Starbucks, Chevron, Eli Lilly and others, were able to “zero-out” federal income taxes even if they posted profits.