Amazon Doesn’t Plan to Pay the IRS Anything This Tax Season
- Tax breaks for stock options, R&D cut company’s bill to zero
- 2018 was the second year in a row Amazon didn’t pay U.S. taxes
Photographer: Michael Nagle/Bloomber
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Amazon.com Inc. does not plan to pay the IRS anything this tax season. Yet that’s not largely because of President Donald Trump’s tax overhaul.
The world’s largest retailer simply took advantage of long-standing, low-profile tax deductions. It paid its employees in stock, built new warehouses and tapped tax breaks from when the company wasn’t profitable.