Date: March 5, 2019
Contact: mediacenter@freeandfairmarketsinitiative.org
They Said It!
Amazon’s Tax Avoidance Scheme Shows Its Business Model “Is Based On Gaming The System”
Amazon paying $0 in federal income taxes for the second straight year exposes how the company is “obsessed with beating the system” to get out of paying its fair share.
“‘My reaction is that this is another prime example of how Amazon does business. One of the richest companies in the world is doing something to abuse their power and avoid paying their fair share…Amazon as a company is unique in that their business model is based on gaming the system,’ Engel told InsideSources.
‘When an organization like Amazon makes $11.3 billion and gets $129 million back, it’s a strategy. Amazon is an organization that we’ve seen is obsessed with beating the system.
“There’s an old saying that ‘there’s no wrong time to do the right thing?’ Well, in Amazon’s world, there is no wrong time to do the wrong thing,’ Engel says.” (The New Hampshire Journal, “Zero Taxes on Billions in Profits? Amazon’s Tax-Avoidance Scheme Provokes Furious Debate,” Michael Graham, 3.5.19)
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The Free & Fair Markets Initiative (FFMI) is a non-profit coalition of businesses, consumer advocacy groups, workers and community activists committed to scrutinizing and highlighting emerging market trends that are stifling competition and innovation, influencing federal and local government spending, putting consumer data in harm’s way and limiting consumer choice. For a list of members, please visit https://freeandfairmarketsinitiative.org/about-us/members/. For more information on the Free & Fair Markets Initiative, please visit https://freeandfairmarketsinitiative.org.
