Amazon pays $0 taxes again this year on over $11 billion profit. Fair or not? [finance.yahoo.com]
For anyone making over a million, not paying taxes is greed to the point of treason.
For Amazon, the non-payment is an ineffable insult, beyond any obscenity. Especially when it comes from a monopoly. The penalty should also be unmentionable.
What we really need is a maximum income limit, above which 100% is forfeit, for people and for corporations. If the company is too big, it should be split up. Failure to comply would be a capital offense with a bounty on those who offend.
I buy a lot from Amazon and I am sure some of the write off is charitable donations. I shop using the Amazon Smile program which lets me pick a non profit that they donate to. I picked a local nature center just a few miles from where I live, tax avoidance well spent.
Yes, not fair, but it is based on tax law which gives businesses a break for investing in new capitol equipment, labor and the rest.
I think corporations ought to be liable for an alternative minimum tax, similar to what some individuals have to pay regardless of the income that is reported.