Company is not paying a single cent in taxes for the second year in a row, due to various unspecified ‘tax credits’ and executive stock options

Amazon has had a bad week but there is some comfort for the tech titan – it will not pay a single cent in income tax on the $11.2bn of profits it made last year.

The online shopping and tech giant scrapped plans to build a second headquarters in New York this week after a backlash over a proposed $3bn in taxpayer subsidies. Local politicians questioned why a company that made $1bn a month in the last three months of 2018 alone should be lured to New York with taxpayers’ cash.

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Read More Amazon made an .2bn profit in 2018 – and its federal tax bill is {$permalink}

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