Date: February 13, 2019
AMAZON’S FEDERAL TAX AVOIDANCE SCHEME MUST END
Amazon Paid Zero In Federal Income Taxes For Second Straight Year Despite Record Profits
Robert B. Engel, chief spokesperson for the Free & Fair Markets Initiative (FFMI), released the following statement in response to Amazon’s latest corporate filing, which revealed that Amazon paid $0 in federal income taxes in 2018.
“Amazon uses every trick in the book to avoid paying their fair share in taxes and they’ve been getting away with it for years. The fact that one of America’s richest and most powerful companies paid nothing in federal income taxes for the second straight year and actually walked away with a $129 million rebate is nothing less than highway robbery.
Amazon’s shameful tax avoidance scheme is one of the important pillars of the company’s anticompetitive business model. They play any games necessary to gain an edge wherever possible.”
ABOUT THE FREE & FAIR MARKETS INITIATIVE
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.