negative $ 129 million / Boing Boing

Amazon doubled its profits in 2018 to reach $ 11.2 billion; the company will receive a tax refund of $ 129 million for the year.

Although Trump denounced Amazon's tax return, Amazon actually got Trump's tax deal, which granted massive breaks to the wealthiest people and corporations in America, for the first time. thank.

In contrast to Amazon 's $ 129 million tax cut, millions of Americans will not benefit from the usual tax cut this year, and many Americans will have to pay taxes. additional taxes.

According to The Week, Amazon ended up paying a federal tax rate of 11.4% between 2011 and 2016, which contrasts with the -1% rate recorded this year.

Amazon has always avoided various sales taxes and made headlines last summer after successfully convincing Seattle Mayor Jenny Durkan to abolish a tax that would have helped the homeless population from the city.

Amazon will pay a whopping $ 0 federal tax on profits of $ 11.2 billion [Laura Stampler/Fortune]

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Cory Doctorow

I write books. My latest are: A graphic novel by YA titled In Real Life (with Jen Wang); a documentary book on the arts and the Internet titled Information Does not Want to Be Free: Laws for the Internet Age (with introductions by Neil Gaiman and Amanda Palmer) and a science fiction novel YA entitled Homeland (continuation of Little Brother). I speak everywhere and I tweet and tumble too.


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