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Trump escalates attack on Amazon: via @ReutersTV
Trump escalates attack on Amazon - Reuters TV
Posted from reut.tv
Donald Trump
Amazon
Posted >1 y ago
Responses: 4
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TRUMP is striving to protect ‘fly-over’ America. Thank Heaven that someone cares!
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Yeah, really unfair. From SFGATE.
23 After earning more than $5.6 billion in 2017, which helped make CEO Jeff Bezos the richest man in the world, Amazon paid nothing in federal income taxes in 2017, the company's annual financial report showed.
Thanks to a complex system of credits and deferment, Amazon won't pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes.
23 After earning more than $5.6 billion in 2017, which helped make CEO Jeff Bezos the richest man in the world, Amazon paid nothing in federal income taxes in 2017, the company's annual financial report showed.
Thanks to a complex system of credits and deferment, Amazon won't pay any federal income taxes after topping $5.6 billion in income in 2017. The Seattle-based online retailer will end up paying out roughly $769 million in taxes for the year, but $724 million of that will be in foreign taxes.
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Amazon needs to be challenged some. They are not being held to the same standards as other companies relative to their financial performance particularly on their fulfillment business. They get passes on earnings and other financial data that would crush other companies.
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Cpl Jeff N.
Go search on amazon's financial performance over the last number of years, some of the way they report margins, costs, earnings etc. are slippery. Other CEO's (Fred Smith of FedEx I have heard personally) think they are given a pass that other companies are not. I am speaking about their fulfillment business primarily.
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