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Amazon pays no taxes? Got this from the introduction.
by usermac 8y ago
Amazon pays no taxes? Got this from the introduction.
- jamroom 8y agoLooks like they paid no US income taxes in 2017: https://www.seattlepi.com/business/tech/article/Amazon-paid-no-US-income-taxes-for-2017-12713961.php https://www.seattlepi.com/business/tech/article/Amazon-paid-...
- chosenbreed 8y agoI couldn't access that the article...are they saying that people who work for Amazon paid no income tax?
- gonvaled 8y agoWhich is related to Amazon paying taxes ... exactly how?
- mandelbulb 8y agohttps://outline.com/Kc2y7F https://outline.com/Kc2y7F
- metamicah 8y agoNo, it's corporate income tax, a direct tax imposed by the federal government on corporations. The rate can be 15% to 35% but there are so many deductions available that large companies like Amazon are often able to dodge it completely. For instance, the article mentions a $917 million deduction on stock options exercised by employees, which was probably the bulk of the deductions.
- microcolonel 8y agoBecause, rightly, corporations do not pay tax on revenue, but on profit. The reason for this is that it should not cost more in taxes to buy something from a company which has secondary suppliers, than from a vertical company.
- tschellenbach 8y agoThat seems only partially correct. They avoid certain types of taxes while still paying the other ones.