February 15, 2019

CNN: Despite Record Profits, Amazon Didn’t Pay Any Federal Income Tax in 2017 or 2018. Here’s Why

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“This is tax avoidance, not tax evasion. There’s no indication of any wrongdoing, except on the part of Congress,” said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy, a liberal think tank.
US tax code allows money-losing companies to reduce their future taxable income.

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