These massive companies made millions — in some cases, billions — in profits in 2018, but didn't pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have made it much easier for the big corporations like Amazon, IBM, and Netflix avoid paying income taxes. Most of the companies on this list earned tax rebates larger than their income tax, effectively seeing a negative tax rate. Visit Business Insider's homepage for more stories.
These massive companies made millions — in some cases, billions — in profits in 2018, but didn't pay a dime in federal income taxes. Tax cuts passed by the Trump administration in 2017 have made it much easier for the big corporations like Amazon, IBM, and Netflix avoid paying income taxes. Most of the companies on this list earned tax rebates larger than their income tax, effectively seeing a negative tax rate. Visit Business Insider's homepage for more stories.
this is one thing trump looking to change .
cosmosbaby I think I know how to fix this but I will need some help. I can order pitchforks on Amazon but does anyone know where I can get a deal on torches?
“Amazon, for example, earned over $10 billion in income in 2018. But by taking advantage of tax credits, the company zeroed out its income taxes and earned a rebate of $129 million, according to tax filings published by the Securities and Exchange Commission.”
We need a VAT system now
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Source: BusinessInsider - 🏆 729. / 51 Read more »