Amazon pays virtually no taxes.
The company, in its latest annual report to the Securities and Exchange Commission,
said that it paid $177 million in income taxes in 2014, $273 million in 2015 and $412 million last year.
https://www.nytimes.com/2017/08/16/us/politics/trump-amazon-taxes.html?_r=0
Back over to you.
Revenue:
2016: $136B
2015: $107B
2014: $89B
https://www.marketwatch.com/investing/stock/amzn/financials
Taxes (Yours)
2016: $0.4B = 0.3%
2015: $0.3B = 0.3%
2014: $0.2B = 0.2%
Yes, I know that Revenue is not Net Income. But Amazon’s entire business model is to squirrel away Net Income by opening new loss making businesses, exposing essentially no taxable revenue.
Or, as I am fond of saying:
Amazon is a horizontally integrated tax avoidance scheme.
Or, if you prefer:
“Taxes are for stupid people.” - Jeff Bezos’s business model.
Those tax levels are miniscule. And indeed, if you dissect Amazon’s trended financial statements, the whole reason they ever had to declare a taxable income is because that darned AWS business generated too much cash too fast, and they didn’t open a loss making business fast enough to absorb it.
BEZOS WANTS YOUR TAXES TO INCREASE WHILE HE PAYS (ESSENTIALLY) NOTHING.
Further documentation of my point here: