Although Amazon raises revenue of more than 1 trillion yen, taxes paid are zero
by Seattle City Council
In the United States in 2018, Amazon gained $ 11.2 billion (about 1.24 trillion yen) profit, but it turned out that it was 0 dollars as a federal tax. Criticizing the IT giant who does not pay tax at all while raising a huge profit is rising.
Amazon in Its Prime: Doubles Profits, Pays $ 0 in Federal Income Taxes - ITEP
Amazon pays no 2018 federal income tax, report says
Amazon will pay $ 0 in taxes on $ 11,000,000,000 in profit for 2018
In the United States, the federal corporation tax rate was reduced from 35% to 21% in 2018. Although many companies benefit from tax cuts, Amazon has never paid 21% of its taxes and it has become clear that they will not pay federal taxes for the second consecutive year as in 2017. According to The Institute on Taxation and Economic Policy, Amazon is applicable to companies subject to a 21% tax rate, but by receiving various deductions and tax reduction measures, Amazon raised $ 112 billion (about 1 trillion 2400 It is said that the profit of the budget will be compressed and tax will not be paid.
On the contrary, Amazon has received a tax refund of 129 million dollars (about 14 billion yen) and it is clear that taxes are not taxable, but rather minus 1.2% tax (ie plus) .
An Amazon spokeswoman said, "Amazon is a corporate tax of $ 2.6 billion (about ¥ 290 billion) and a corporate income tax of $ 3.4 billion (about ¥ 380 billion) in the past three years in all countries in which the US and our company operate. We are punishing. "However, in the United States it is criticized not to fulfill the social responsibilities as a large enterprise because it is hardly paying taxes.
Among them, President Donald Trump has criticized Amazon for name "using the postal system to shut down thousands of retailers".
I have stated my concerns with Amazon long before the Election. They have little or no taxes to state & local governments, use our Postal System as their Delivery Boy (and tremendous loss to the US), and are putting many thousands of retailers out of business!- Donald J. Trump (@realDonaldTrump) March 29, 2018
Amazon launched a plan to move the second company headquarters to New York in November 2018 but because I had a big voice against the opposition, I abandoned it after three months . Amazon, which appealed to create 25,000 new jobs, was a major reason why tax incentives given in return were unfair. The fact that Amazon, the "Master of Taxes", has not paid all federal corporate tax for the second consecutive year is supposed to support the justification of New Yorker's claims against Amazon advancement.