Amazon paid no federal taxes on $11.2 billion in profits last year, according to group’s analysis

Amazon, the e-commerce giant helmed by the world’s richest man, paid no federal taxes on profit of $11.2 billion last year, according to an analysis of the company’s corporate filings by the Institute for Taxation and Economic Policy (ITEP), a progressive think tank.

Thanks to a variety of tax credits and a significant tax break available on pay handed out in the form of company stock, Amazon actually received a federal tax rebate of $129 million last year, giving it an effective federal tax rate of roughly -1 percent.

https://www.chicagotribune.com/business/ct-amazon-federal-taxes-profits-analysis-20190216-story.html

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