Amazon’s Tax Bill Plunges 87% After Tax Cuts
An anonymous reader shares a report: 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.

That’s largely because of the generous new depreciation breaks GOP lawmakers included in their One Big Beau … ⌘ Read more