Trillion-dollar-valued Amazon pays $0 in income taxes for 2018


Trillion-dollar-company Amazon skated through 2018’s tax filings without paying a cent for the second year in a row. Amazon which made $11 billion last year, will pay no taxes at all, thanks to 2017’s tax reform, RT reported.

While President Donald Trump’s 2017 tax reform legislation lowered corporate tax rates from 35 percent to 21 percent, it was sold as an incentive for companies to keep their money in the US, instead of stashing it overseas where the IRS couldn’t touch it. 


Please enter your comment!
Please enter your name here