February 22, 2019

Financial Post: Lawrence Solomon: Amazon Is Fleecing Taxpayers. Strangely, Socialists Are the Ones Saving Us

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According to the non-partisan Institute on Taxation and Economic Policy, while profitable major corporations have paid an average of over 21 percent in federal taxes, over the last 10 years Amazon’s use of tax loopholes has lowered its average to just three percent. In the last two years, during which it earned US$16.8 billion in profits, it paid no federal income tax at all, thanks to its use of unspecified tax credits and executive stock options. Read more



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