How Amazon pays only $0 taxes- Secret behind it
This photo is credited by thinkmarketingmagazine.com Amazon is not only one of the most powerful start-up grown in a very small time but it also made JEFF BEZOS a member of top 10 billionaires in the whole world. Amazon is the company which legally avoids the federal taxes in America till 2018. Let's know how they did this and analyze how good these methods are. Well, the year of 2019 was not that good for Amazon because of the controversy between Jeff Bezos and New York times that affect the growth of Amazon and it seems to down 20% in comparison to last year. But the year 2018 was the best year of Amazon so far as it doubled its profit to $11.16 billion with Zero taxes given. Tricks Amazon used so save taxes Well, Amazon is a reducing the taxes by the process of deduction but it is different from us. Amazon has 3 different categories in which he deducts the Taxpayers. Research and Development Tax Credit This is the first and very effective way o...