Is Amazon Too Big to Tax?
The e-commerce giant paid zero federal taxes in 2017. And it's
being rewarded with further tax breaks at the state and local
level.
By Alex Shephard
March 1, 2018
This year, like every other year, is shaping up to be a triumphant
one for Amazon. It is on the cusp of becoming the first trillion
dollar company ever. In the coming months it will announce the
opening of a second headquarters—and likely bank billions in tax
breaks and other incentives from the lucky city it chooses to grace
with its presence. The company’s founder and CEO Jeff Bezos will
continue to be the richest person in the history of the world.
Amazon will continue to grow at a rapid clip, gobbling up e-commerce
market share and posting staggering revenues. It will even post
profits. And it will pay next to nothing, and possibly nothing at
all, in federal taxes.
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