June 12, 2019

Fox Business:Joe Biden slams Amazon for not paying federal taxes: You ‘should pay a few taxes’

media mention

By leveraging unspecified tax credits and stock-based compensation deductions, the company didn’t pay the 21 percent U.S. corporate tax. Instead, as first reported by the Institute on Taxation and Economic Policy, Amazon received a federal income tax rebate of $129 million, essentially amounting to a tax rate of negative 1 percent. Read more