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Amazon isn't the only company that paid $0 in federal taxes last year

Source: foxbusiness.com - Apr 18, 2019

nder President Trump Opens a New Window. ’s new tax law, 60 of America’s biggest corporations paid $0 in federal taxes Opens a New Window. in 2018, despite earning billions of dollars in profits.

Amazon Opens a New Window. , Netflix Opens a New Window. , General Motors Opens a New Window. , Chevron, JetBlue, IBM and U.S. Steel were all among the companies that avoided taxes last year using a diverse array of loopholes and tax breaks, according to a new report from the Institute on Taxation and Economic Policy, a nonpartisan think-tank.

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Category: General Business