Analysis: Amazon Paid ZERO Tax, Got $789 Million Windfall
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Title : Analysis: Amazon Paid ZERO Tax, Got $789 Million Windfall
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Title : Analysis: Amazon Paid ZERO Tax, Got $789 Million Windfall
link : Analysis: Amazon Paid ZERO Tax, Got $789 Million Windfall
news-today.world | Amazon reported $5.6 billion in U.S. profits in 2017, but didn’t pay any federal income taxes because of various credits and breaks for executive stock options, according to an analysis by the left-leaning Institute on Taxation and Economic Policy.
“The online retail giant has built its business model on tax avoidance, and its latest financial filing makes it clear that Amazon continues to be insulated from the nation’s tax system,” Matthew Gardner, a senior fellow at ITEP, said in a blog post.
President Trump also has singled out Amazon for criticism, blaming the e-commerce giant in a tweet for “doing great damage to tax-paying retailers” and killing jobs in cities, USA Today reported in August. Trump’s attacks on Amazon are politically motivated because the company’s founder Jeff Bezos also owns The Washington Post, whose editorial page has been especially critical of the president.
But in another twist, Trump’s tax reform will help Amazon receive an additional tax credit..
More
“The online retail giant has built its business model on tax avoidance, and its latest financial filing makes it clear that Amazon continues to be insulated from the nation’s tax system,” Matthew Gardner, a senior fellow at ITEP, said in a blog post.
President Trump also has singled out Amazon for criticism, blaming the e-commerce giant in a tweet for “doing great damage to tax-paying retailers” and killing jobs in cities, USA Today reported in August. Trump’s attacks on Amazon are politically motivated because the company’s founder Jeff Bezos also owns The Washington Post, whose editorial page has been especially critical of the president.
But in another twist, Trump’s tax reform will help Amazon receive an additional tax credit..
More
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You are now reading the article Analysis: Amazon Paid ZERO Tax, Got $789 Million Windfall With link address https://newstoday-ok.blogspot.com/2018/03/analysis-amazon-paid-zero-tax-got-789.html