SAN-FRANCISCO – February 21, 2019
Cyber-retailing giant Amazon Inc., the company that belongs to the richest man in the world, Jeff Bezos, did not pay a cent of corporate income tax either in 2017 or 2018. At the same time, Amazon’s revenues, which, in theory, should be levied, amount to many billions of dollars.
In fiscal 2018, Amazon's net income was $11.2 billion, which is two times more compared to $5.6 billion a year earlier. Yet, a report by the Institute on Taxation and Econ...