Amazon paid no federal taxes on $11.2 billion in profits last year

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The company paid no taxes for the second year in a row despite roughly doubling its profits.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Norm_Farrell Waiting for his next move, like community taxes being paid directly to Amazon and other Global multi-nationals wreaking havoc on our economies.

ICIJorg The government wrote the rules to make it possible and legal. Is the government working for 'we the people' or them, the cooperations?taxesthehill

ICIJorg Who is their accountant & tax consultant firm 🤔

ICIJorg Now thats how you run a media channel... kudos JeffBezos

ICIJorg shame shame

ICIJorg Does JeffBezos have an iota of shame ?

ICIJorg

But let’s investigate in how many old-guard Dem politicians got paid! More than anyone else! Now their internal swamp nemesis AOC is shooting their toes off! Can’t make this stuff up for FoxNews foxandfriends realDonaldTrump

How was he able to pay no taxes?

is anyone really shocked

It is indicative of the corporate welfare attached to our tax code.

Insane or just every-day Trump?

I mean.. I'd do the same if I was him and could get away with it 👀

This isn’t right!

Would serve them right if they moved overseas. Let's force them out of the country and show we're not taking it anymore. Oh wait, the jobs go too. Dems already screwed NY., now they want the rest of the country too?

Demmohippocrit s rear their ugly head

So basically they skirted taxes just like Trump did. (Flashback to Hillary Clinton calling him out on it during one of the Presidential debates, and Trump saying not paying taxes “makes me smart.”)

Don’t blame Amazon! This is a Congress created loophole.... it’s yet another government created problem

Good。

Just a personal observation regarding this Amazon HQ2 NYC fiasco. After all the theatrical due diligence Amazon did on the various cities (and their responding supplication), you’re telling me that they did not predict the exact pushback they would get, and their response to it?

Fake news

BEZOS OWNS A RAG THAT LIES ALL THE TIME IF HE IS GETTING A BUNCH OF UNFAVORABLE PRESS, KARMA

They should be ashamed,its unAmerican 😡😡😡

Suhweeeeet! Thank you GOP for tilting the playing field 90 degrees in favor of Corporations. Your boss however must be terribly conflicted as he has to lick the boot o' Bezos.

Wish I didn't have to pay taxes on my 20k from McDonalds but then I might lose my EBT. LOL 11billion is a lot of tax revenue lost. Something wrong here.

What about trumps taxes

Is that illegal? If yes, you have the DOJ

Is this why he was driven out of Queens? Good. People are getting mad as hell. How long before they’re not gonna take it any more?

Well that’s good accounts for you.

So we should give them...... more tax incentives? Nope. AOC has it right.

This is fucked up! Middle class getting screwed while big corporations don’t pay taxes.

Nothing against Bezos, he's a self made richest man in the world. God bless. But no taxes on the Amazon's $11b profit? Things that make you go hummmm... And we all understand this divorce thing, and this Pecker thing you have going on, but you need to pay up a fair share dude.

Time for Pres. Trump to collect Fed. taxes on the profit $11.2B from Amazon?

Another not-so-great 'corporate citizen'

Has Amazon paid net taxes in its entire life? To whom and how much? Sales taxes do not count since those are paid by the customer and distributed back to local gov.

Smart! H&R Block

MarkV However, they profit from free education, roads and services but wish not to pay for it. Penny wise, pound foolish.

No wonder Basel is the world richest man. Philosopher

Waarom je geen goederen blij Amazon moet kopen, ze betalen geen belasting. Je schiet jezelf in de voet.

This is insanely wrong. No company in America should be allowed to conduct business without contributing to the communal services and infrastructure it utilizes to operate and make money.

When is Trump releasing his tax returns?

No doubt this issue is highly related with entrepreneur's law-abiding spirit. And it also represent the importance of proper means of regulations to prevent tax-evasion. 'Business-friendly policy' and 'tax obligation' are different. Entrepreneurs need to learn the difference.

This is why people get upset.

Shame, shame, shame on jerk bezos, greedy, dirty dog

Oh look, billionaires are scolding each other on social media and all the while, neither of the billionaires are paying taxes... Sh!t is crazy.. taxes EnemyWithin yawn AlexandriaOcasioCortez Trump

👁️ 🙂🙂

This is what the fck is wrong with America.

Same can be said for other mega corporations too. Vote Blue change laws I fo suggest Zbexod invests in infrastructure roads for delivery wear & tear and invest in Climate Change hire proportionally 1/2 women just suggestions. Bill Gates excellent example for giving back

Where’s Bernie when you need him? Why isn’t he DEMANDING Bezos pay his ‘fair’ share?

Well if they didn’t have to

Why?

We need to boycott Amazon.

This is insane! JeffBezos

Boycott Amazon! Dammit Mafias’ of business ruining are country infrastructure, bridges, roads are holly, you don’t need to go to Vatican your damm absorber shocked needs to replace every time you hit streets holes, America what happened?

CMTMosqueda I blame the politicans who wrote our tax laws, not Amazon. Everythng Amazon did to cut its taxes was legal.

THAT'S HOT

'A basic principle of modern state Capitalism is that costs and risks are socialized to the greatest extent possible, while profit is privatized.' Noam Chomsky

Sounds like something is fucked up with the current tax laws. Mega companies not paying their fair share, or any share for that matter, coupled with Trump’s cash grab for Corporations, ie. the tax bill, is why America has a significant revenue shortfall. Bend over middle class !

I’m all for amazon hate but it’s the government that creates these bs loopholes. Close them for all corporations, close the carried interest loop hole for hedge funds, etc.

I guess there must be something to learn there.

Know that sounds like a deal !!!

That's just wrong.

Paying taxes is for chumps

Rich want to rich more

You need to explain why...not use sensational headlines.

How about Wal-mart, Facebook, Exxon, Apple, Tesla, Halliburton?

That seems fair!

The ’s 3 am Sunday news dump

But are they still under “audit” like Trump?

Neither did Trump (if you ask him).

Amazon wouldn't have paid taxes in New York, and won't pay taxes wherever they go. The 'tax revenue' the collective has been drooling over will be taken from the new employees.

Ran at a loss for over a decade, employs 600,000 people

Yet, folks should not say a word because amazon brings in “JOBS”. So 🤫, take your little paycheck and carry on. Disregard the condition of your streets, communities, health centers, etc., those are all long terms, focus as always on the short term only. AlexandriaOcasioCortez

I guess you can explain the income taxes shown in their financial statements.

TrumpTaxScam

He should pay taxes the rest .

All while having a head so shiny, he himself can direct your customer complaints to Hellen Waite...

Now if we could only cut food stamps and Medicaid, struggling billionaires would get a refund too.

Need more billionaires

He owns the WP.

Please WP can you tell us how much money from food stamps and housing welfare were directed toward low wage Amazon employees. Just for comparison.

Liberal darling , WaPo owner .

With an approx of 6% fed tax amazon would be paying 672000000.If the wall was about $5B then amazon or JeffBezos would be contributing 13.44% of the tax to the wall. Now consider all the rich corp or people paying tax. Take this to build a wall

Don't blame Amazon, it is our Congress, in response to Lobby-ing, that created the complicated tax laws that favor the wealthy companies and individuals. It is pretty clear why Trump won't release his tax returns. VoteBlue2020

CMTMosqueda $11.2B? Bezos could buy one of those for every person in Thurmond, West Virginia (pop. 5).

Looks like he's laughing......all the way to the bank.

Meanwhile back in Iowa, a 1st year principal in a small town made $72K, public record...and took home $48K!🤬 Let’s do the math on the middle class, shall we?!. 72-48=$24K in taxes!!! 34% 34% 34% 34% 🤬🤬🤬🤬🤬🤬🤬 FU CORPORATE AMERICA

Jeff Bezos should be running for president of the United States. When you can get Donald Trump and Ocasio-Cortez to hate you, you're going to win in a landslide!

ohhh, you guys... *this* should never, ever happen... 🤯

Layoffs at WaPo incoming

I think people are taking this the wrong way. It’s not Amazon’s fault they didn’t pay taxes. The loopholes rig the system that way. No reason to get angry about it, rather we need to get rid of some loopholes

Are you guys sure you’re allowed to report on this?

Forced to finally cover the owner of your own propaganda mag. Bummer.

Is Washington Post reporting on Amazon or is Amazon reporting on Washington Post?

jeff bezos is an ally against the fascist, the right understand an enemy of an enemy is a friend, the far left is too puritanical, thats why were gonna end up in concentration camps when richard spencer takes over.

That moment when a Bezos-owned company scolds another Bezos-owned company...

WTF

fleecingamerica

Hope you spell this out for people in the not so cheap seats.

What about the NFL?

Fvck you Jeff. No one, absolutely NO ONE needs that much money, when so many are suffering. Especially the veterans who served to support the capitalist freedoms you enjoy. PayYourTaxesWeDo

Are you guys bragging about that, or

How is this ? Why is this? What is this?

Scamazon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Amazon gets away with not paying taxesAmazon pays almost no federal tax, despite being worth over $700 billion. President Trump has criticized the company for this, yet he recently reduced the corporate tax rate, making it even easier for large companies to pay less. Wow And, they're currently profitable, what a joke.. Because Florida no state Tax
Source: BusinessInsider - 🏆 729. / 51 Read more »