From what I hear, Amazon was losing money for many years, and they got to use tax laws to offset those previous losses. And that was quite a few years ago, and they have been paying a decent amount of taxes for a while. Of course, they can utilize all sorts of credits as allowed by the law.
If you have a problem with the law, call your senator, instead of ranting on a forum.
(I have nothing to do with Amazon other than being a shopper there and own some stocks via VOO.)
it's not that they were "losing" money, they just funneled all of their massive would-be profits into artificially making prices as low as possible so as to destroy competition and retail
If you have a problem with the law, call your senator, instead of ranting on a forum.
(I have nothing to do with Amazon other than being a shopper there and own some stocks via VOO.)