“The reality is that Amazon pays no corporate income tax in the United States, due to tax loopholes.”
Stopped reading at the stupid line above. Any writer of a financial article who can’t understand there is no such thing as a “tax loophole” certainly should not be published by a site claiming the name “Thinker” in its masthead. Tax loopholes no more exist than do “gun-show loopholes” claimed by control freaks who would remove liberty in the name of safety.
Look at the authors name....
From Forbes:
First, a quick look at Amazon’s financial statements shows it does pay taxes. In 2017, Amazon paid close to $1 billion in income tax. In 2018, the amount jumped to $1.18 billion, accounting for local, state, and international taxes.
In the last few years Amazon has invested in new headquarters facilities, expanding warehouses and improving delivery. They may not pay corporate income taxes after these expansion expenses, but they generated massive economic activity which paid wages and resulted in income taxes. And why is everything just viewed as sheep to be sheared for the benefit of crooked and inefficient government?
Amazon, also, has not paid a shareholder dividend for 22 years.
They reinvest 100% of their free cash flow, year after year.
That is not a loophole.
It is often a good business plan, but, since the P/E ratio of Amazon stock is 78, reasonable minds may disagree.