Date: February 26, 2019
They Said It!
Amazon Deserves Greater Scrutiny For “Gaming The System” With Tax Avoidance Scheme
Amazon paying no federal income taxes in 2018 demands greater attention from lawmakers and regulators, who have been “silent.”
“‘Why have politicians been so silent? I’m guessing somewhere in Amazon’s executive office someone said, “Look, if we’re going to pull the plug on New York [the HQ2 project] anyway, let’s do it now while the tax bill comes out. That way people will be totally distracted from it,”’” says Bob Engel of the corporate watchdog group Free & Fair Markets Initiative. ‘If you’re gonna rob a bank, rob it on a day the FBI is busy.’
Engel, a longtime critic of Amazon, told InsideSources that ‘Amazon is a company whose business strategy is really based on gaming the system,’ highlighting its political utility as a target for tax-the-rich progressives.” (New Hampshire Journal, “Amazon Paid Zero Corporate Taxes Last Year. Why Aren’t 2020 Democrats Talking About It?” Michael Graham, 2.26.19)
To read the full article, click here.
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.