Amazon also paid zero taxes in 2017, on profits of $5.6 billion. Trump’s 2017 tax cuts. Of those 258 companies, 18 paid zero tax every single year in that eight-year stretch, while 100 of them paid zero tax in at least one year. Some 48 of the companies paid just zero to 10 per cent tax over those eight years. “Companies haven’t been shy about pouring millions of dollars to prop up a [US tax] system that benefits them,” Itep senior fellow Matthew Gardner told the Washington Post.

Source: The Irish Times February 21, 2019 05:45 UTC