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Amazon's Tax Bill Plunges 87% After Tax Cuts (slashdot.org)

submitted 5 days ago* (last edited 5 days ago) by BrikoX@lemmy.zip to c/usa@midwest.social

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Republicans' tax cuts shaved billions off Amazon's tax bill, new government filings show. The company says it ran a $1.2 billion tax bill last year, down from $9 billion the previous year, and even as its profits jumped by 45% to nearly $90 billion.

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[–] supersquirrel@sopuli.xyz 9 points 5 days ago (1 children)

Time to fire more Amazon employees!

[–] errer@lemmy.world 2 points 4 days ago

It’s how Amazon helps their employees pay less income taxes!