Paying their fair share update

You know....the author of this article may have just broken the story of the century - because mistating things on public filings is a big no-no under Sarbanes Oxley.

Or maybe she should figure the fuck out that Amazon has massive Net Operating Loss carry-forwards from the 20 years where THEY MADE NO PROFITS!!!!

Jesus fuck people. Seriously. Quit being so fucking gullible.


https://www.otcmarkets.com/filing/html?id=13184158&guid=uQVtUnSkhmEMryh#AMZN-20181231X10K_HTM_SAC0FBE1D4F8A59A9BC0B4A81A52467C7

Note 9 — INCOME TAXES
In 2016 , 2017 , and 2018 , we recorded net tax provisions of $1.4 billion , $769 million , and $1.2 billion . We have tax benefits relating to excess stock-based compensation deductions and accelerated depreciation deductions that are being utilized to reduce our U.S. taxable income. Cash taxes paid, net of refunds, were $412 million , $957 million , and $1.2 billion for 2016 , 2017 , and 2018 .
The U.S. Tax Act was signed into law on December 22, 2017. The U.S. Tax Act significantly revised the U.S. corporate income tax by, among other things, lowering the statutory corporate tax rate from 35% to 21% , eliminating certain deductions, imposing a mandatory one-time tax on accumulated earnings of foreign subsidiaries, introducing new tax regimes, and changing how foreign earnings are subject to U.S. tax. The U.S. Tax Act also enhanced and extended the option to claim accelerated depreciation deductions by allowing full expensing of qualified property, primarily equipment, through 2022. We reasonably estimated the effects of the U.S. Tax Act and recorded provisional amounts in our financial statements as of December 31, 2017. We recorded a provisional tax benefit for the impact of the U.S. Tax Act of approximately $789 million . This amount was primarily comprised of the remeasurement of federal net deferred tax liabilities resulting from the permanent reduction in the U.S. statutory corporate tax rate to 21% from 35% , after taking into account the mandatory one-time tax on the accumulated earnings of our foreign subsidiaries. The amount of this one-time tax was not material. In 2018, we completed our determination of the accounting implications of the U.S. Tax Act.

RaceBannon said:

@oregonblitzkrieg would love to have lived to see this. The meeting of left and right

He sees it. Trust me.

HHusky said:

greenblood said:

All corporations should have zero tax. Corporate taxation is double taxation.

Corporations are people when it suits them.

Gotta step in here. The modern world, as we know it, would not exist without the legal fiction known as the corporate form. I don't know much, but I know that.

And, you're getting dangerously close to Creepy's Kitchen with that comment chica (hi @Swaye )