InsideSources: Amazon Paid Zero Corporate Taxes Last Year. Why Aren’t 2020 Democrats Talking About It?
media mention“I blame Congress,” says Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy which first released the news of Amazon’s zero corporate tax bill.
“Unless we see the actual tax returns, nobody can say exactly how Amazon avoided paying any corporate income taxes, but the available information makes it clear that three provisions in the tax code were very important: The research and development tax credit, the ability to write off 100 percent of investments in equipment, and the ability to deduct stock options to employees from taxable earnings,” Gardner told InsideSources.