This page is a permanent link to the reply below and its nested replies. See all post replies »
HoraceGreenley · 61-69, M
From what I've read thus far, it appears that Amazon is still applying tax loss carry-forwards from many years of losing money. Amazon has only become profitable relatively recently. For yours it operated at a loss. Those losses can be used to offset future profits.

SW-User
@HoraceGreenley exactly correct..
They still have hundreds of millions of dollars in deferred tax assets they can use to offset future tax liabilities.
They still have hundreds of millions of dollars in deferred tax assets they can use to offset future tax liabilities.