What are your views on it?
Amazon.com. a major company in the US, made $11,200,000,000 in profit last year. The amount of taxes it owed was Zero. This seems ethically, legally, and morally wrong, in my opinion. How to see it? Ok? Or wrong?
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SW-User
For years and years Amazon made no profits at all..
During that time it racked up over a billion dollars in tax write offs, they still have hundreds of millions of dollars left to write off against any taxes they might owe..
Couple that with off shoring of as much of their income as legally possible and they end up owing no net taxes....
Considering they still have hundreds of millions of dollars in tax credits to carry foward, we'll probably see the same thing next year..
During that time it racked up over a billion dollars in tax write offs, they still have hundreds of millions of dollars left to write off against any taxes they might owe..
Couple that with off shoring of as much of their income as legally possible and they end up owing no net taxes....
Considering they still have hundreds of millions of dollars in tax credits to carry foward, we'll probably see the same thing next year..