Amazon paid $0 in federal income taxes on more than $11 billion in profits before taxes for 2018. The company also received a $129 million tax rebate from the federal government. How does that happen?
In a statement to CNBC, an Amazon spokesperson said,"Amazon pays all the taxes we are required to pay in the U.S. and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years." The statement also mentioned Amazon's investment and job creation in the United States.
This issue came front and center on a local and state level in New York during the saga of Amazon's HQ2 hunt – with a groundswell of local opposition scuttling the deal.Watch the video above for more on Amazon and America's corporate income tax rate.
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