Amazon pays no federal income tax for 2018, despite soaring profits, report says

Company is not paying a single cent in taxes for the second year in a row, due to various unspecified ‘tax credits’ and executive stock optionsAmazon has had a bad week but there is some comfort for the tech titan – it will not pay a single cent in income tax on the $11.2bn of profits it made last year.The online shopping and tech giant scrapped plans to build a second headquarters in New York this week after a backlash over a proposed $3bn in taxpayer subsidies. Local politicians questioned why a company that made $1bn a month in the last three months of 2018 alone should be lured to New York with taxpayers’ cash. Continue reading...

Amazon pays no federal income tax for 2018, despite soaring profits, report says

Profits for online retail behemoth Amazon soared in 2018, but it paid no federal income tax for the second consecutive year, according to a report published Wednesday.

Mon 18 Feb 19 from TechXplore

Amazon pays no federal income tax for 2018, despite soaring profits, report says, Fri 15 Feb 19 from USA today

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