February 14, 2019

New York Post: Amazon Paid No Federal Taxes Again

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The world’s largest online retailer, which is worth $795 billion, earned a record $11.2 billion in US profits, according to the company’s US Securities and Exchange Commission filing earlier this month, yet did not pay the 21 percent US corporate tax, thanks to leveraging unspecified tax credits and stock-based compensation deductions.

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.

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