April 16, 2019

CBS News Money Watch: Bernie Sanders: Amazon, Netflix are a “disgrace” for not paying taxes

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The 60 companies that didn’t pay taxes last year, including tech giants such as Amazon and Netflix, relied on a number of legal strategies to eliminate their taxes, according to the left-leaning Institute on Taxation and Economic Policy. At the same time, the Tax Cuts and Jobs Act slashed the corporate tax rate to 21 percent from 35 percent, a reduction that critics say make it easier for corporations to reduce their tax bill altogether. Read more