How does Amazon pay zero dollars in tax on 11B dollars in profit?
How does Amazon pay zero dollars in tax on 11B dollars in profit?
1. Research and Development tax credit
2. 100 percent tax deduction for investment in equipment
3. Companies can deduct the cost of stock-based compensation from their taxable earnings
More detail in the article
When you have billions of dollars, you are able to hire an army of tax accountants to use every loophole imaginable to avoid paying tax. And remember that most tax laws are written by lobbyists and law makers that cater to the rich and powerful... I don't think it's necessarily nefarious, it's just a rigged system buy it's nature