Companies

Amazon Pays $0 in Taxes Despite Earning $5.6 Billion

Amazon Pays $0 in Taxes Despite Earning $5.6 Billion
Amazon.com founder and CEO Jeff Bezos at a presentation in Seattle, Washington on June 18, 2014. David Ryder/Getty Images
Colin Fredericson
|Updated:

Amazon didn’t pay any taxes on its $5.6 billion in earnings last year.

According to the Institute on Taxation and Economic Policy (ITEP), Amazon won’t be paying taxes for 2017 because of tax credits, tax breaks, and executive stock options. The ITEP report says this follows a trend of Amazon paying almost no taxes over the past five years.
Colin Fredericson
Colin Fredericson
Reporter
Colin is a New York-based reporter. He covers Entertainment, U.S., and international news. Besides writing for online news outlets he has worked in online marketing and advertising, done voiceover work, and has a background in sound engineering and filmmaking. His foreign language skills include Spanish and Chinese.
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