Article 4970K Amazon made an $11.2bn profit in 2018 but paid no federal tax

Amazon made an $11.2bn profit in 2018 but paid no federal tax

by
Dominic Rushe in New York
from Technology | The Guardian on (#4970K)

Company is not paying any taxes for the second year in a row, due to various unspecified 'tax credits' and executive stock options

Amazon has had a bad week but there is some comfort for the tech titan - it will not pay a single cent in income tax on the $11.2bn of profits it made last year.

Related: Amazon cancels plans for New York headquarters after fierce opposition

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