Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez slammed Amazon for getting a federal tax refund this year and last despite booking billions in profit. A close look at Amazon’s finances shows the Vermont independent and Bronx Democrat will have more to get upset about, because the internet giant has billions of dollars in various credits it could apply to offset future taxes as well.
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How Amazon gets away with not paying taxesAmazon pays almost no federal tax, despite being worth over $700 billion. President Trump has criticized the company for this, yet he recently reduced the corporate tax rate, making it even easier for large companies to pay less.
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