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Amazon Made $5.6 Billion in Profits Last Year and Reportedly Paid Zero American Dollars in Federal Taxes

February 28th, 2018
Categories: Past News

Link: https://splinternews.com/amazon-made-5-6-billion-in-profits-last-year-and-repor-1823329221

Jeff Bezos is the richest person in the world, with a personal net worth of $108 billion. In 2017, Bezos’ company, the internet retail giant Amazon, reportedly took in $5.6 billion in U.S. profits.

Amazon is projecting a $789 million windfall from Republicans’ tax bill.

Amazon’s global headquarters is in thenation of Luxembourg. The European Union has accused Luxembourg of giving illegal tax breaks to Amazon and has ordered the country to recover $295 million in back taxes from Amazon.

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