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https://finance.yahoo.com/news/amazon-taxes-zero-180337770.html
Headline: Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018...
https://finance.yahoo.com/news/amazon-taxes-zero-180337770.html
Headline: Amazon will pay $0 in taxes on $11,200,000,000 in profit for 2018...
Thanks to the new Tax Cuts and Jobs Act (TCJA), Amazon’s federal tax responsibility is 21% (down from 35% in previous years). But with the help of tax breaks, according to corporate filings, Amazon won’t be paying a dime to Uncle Sam despite posting more than $11.2 billion in profits in 2018.