The Institute on Taxation and Economic Policy said
it uses"tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes." It said Amazon is able to pay so little tax because its finances are structured in a way which avoids liability. The ITEP highlighted Amazon's efforts to maximise tax credits and tax breaks for executive stock options as two examples of this."Amazon pays all the taxes we are required to pay in the US and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years."
"Corporate tax is based on profits, not revenues, and our profits remain modest given retail is a highly competitive, low-margin business and our continued heavy investment."
How about Walmart AND Amazon pay really decent wages?!? The decency from the eyes of workers, not some opinion like that JP Morgan executive.
As people passout in Harrisburg fulfillment facility. Bezos profits while employees are abused.