Amazon's Tax Team Takes a Profit of $11B down to a $0 Tax Bill

Another reminder that our friends in tax law can do magic… This week we found out that Amazon, with 2018 profits of $11 billion, will pay $0 in federal tax. How? Well, we know the recent tax cut reduced the corporate tax rate from 35% to 21%, but, so far, we don’t know which particular loopholes their tax wizards used to drill down from 21% to 0%. In fact, according to reporting from Fortune Magazine, Amazon’s tax team may have moved past zero and are looking to receive a $129M rebate.