what is Amazon hiding?

 

Do you believe corporations should pay their fair share in taxes? If so, we need your help to bring Amazon’s secretive tax dealings to light. Here’s what hard-working researchers have uncovered: Amazon infamously paid $0 in U.S. federal income taxes in 2018 while reporting $11 billion in profits It averaged a rate of almost 0% in federal taxes on nearly $25 billion in pre-tax income from 2018 to 2019, while the average American paid a 13% federal income tax rate But Amazon is able to hide the details of its tax avoidance schemes from investors, customers, employees, and American taxpayers And the company’s investors should know how much Amazon is spending to lobby lawmakers to keep its taxes low or otherwise hinder progress on important legislative reforms. Amazon has a big meeting coming up on May 25 and shareholders will be voting on important proposals — like one to make it expose how it avoids paying its fair share in taxes and another to publicly list the money it spends to influence the legislative process. We need your help to make Amazon show its math and come clean about its tax avoidance and lobby spending! Tell Amazon shareholders: Amazon shouldn’t be allowed to pay a lower federal income tax rate than average Americans or spend secret money to influence policymaking. Please use your voting power to force Amazon to tell investors and the public about how it avoids paying taxes here in America and across the world, and how much it spends to keep beneficial laws in place. Amazon shareholders have an incredible opportunity on May 25 to make the company stop hiding and be honest with the American people. We know Amazon does business around the world, but investors and the public are not able to learn if it uses sneaky accounting tricks to move profits around and avoid paying taxes. We also know that some corporations are spending millions of dollars on lobbying to keep corporate-friendly laws on the books that allow them to avoid paying taxes and crush workers’ rights. But we don’t know the details of Amazon’s lobbying spending. Amazon’s shareholders have a lot of power. But they need your support in order to make as big a push as possible to take on this massive corporation. Please add your voice right away. Thanks for taking action, George Public Citizen

Follow Us on Social Media Public Citizen 1600 20th Street NW    Washington, District of Columbia 20009