Insights: How Amazon Turns $11 Billion In Profits into Zero Federal Taxes
Amazon is unlikely to pay federal income tax for 2018. Here's how. (February 2019)
Amazon nearly doubled its US profits in 2018 to more than $11 billion. Guess how much of that it paid in federal income taxes-- zero. In fact, it received a federal income tax refund. That's according to the Institute on Taxation and Economic Policy, a Washington DC-based think tank which notes tha...