The Guardian: Why Didn’t Amazon Pay Federal Taxes for the Second Consecutive Year?

Amazon is already getting plenty of benefits from the federal government. The company nearly doubled its profits to $11.2bn in 2018 from $5.6bn the year before and, for the second year running didn’t pay a single cent of federal income tax. In fact, Amazon reported a federal income tax rebate for the past two years totalling almost $270m according to the Institute on Taxation and Economic Policy analysis of Securities and Exchange Commission filings. Netflix also paid no federal or income tax on profits of $845m last year. Read more