Amazon triples profit to $11.2bn, pays ZERO DOLLARS in corp tax – instead we pay it $129m

According to the Institute on Taxation and Economic Policy (ITEP), the tech titan was actually paid $129m by US taxpayers thanks to an income tax rebate.

With the average American paying an income tax rate of between 10 and 15 per cent, and the corporate tax rate reduced recently from 35 to 21 per cent, Amazon as one of the largest corporations in the world paid a tax rate of minus one per cent.

According to ITEP, the entire company has been specifically constructed to avoid paying tax.