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Insights: How Amazon Turns $11 Billion In Profits into Zero Federal Taxes

February 28, 2019 00:00 AM UTC
- Updated May 05, 2020 17:00 PM UTC

Amazon is unlikely to pay federal income tax for 2018. Here's how. (February 2019)

Transcript

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...

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