#Amazon Not Paying Federal Income Taxes on $11.2 Billion Profits | Fortune
▻http://fortune.com/2019/02/14/amazon-doesnt-pay-federal-taxes-2019
But even though Trump previously blasted Amazon for its limited state taxes—a single presidential tweet caused the company’s shares to fall by 9%—ITEP notes that its non-existent federal tax payment is a result of the Trump Administration’s corporation-friendly tax cuts. The think tank writes that the 2017 Tax Cuts and Jobs Act not only decreased corporate tax rates from 35% to 21%, but it also didn’t close “a slew of tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes on almost half of their #profits.”