Amazon's tax bill plunges after GOP tax cuts
The 87 percent drop is largely due to a more generous depreciation break in the 'One Big Beautiful Bill Act.'The company, founded by Jeff Bezos, said it invested $340 billion in the U.S. last year. | AFP via Getty ImagesRepublicans’ tax cuts shaved billions off Amazon’s tax bill, new government filings show.The company says it ran a $1.2 billion tax bill last year, down from $9 billion the previous year, and even as its profits jumped by 45 percent to nearly $90 billion.That’s largely because of...
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