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

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Sign: Make Amazon pay its taxes

 

Stop Amazon's Global Tax Avoidance TAKE ACTION with our allies Amazon has been paying $0 to only 5% in taxes since 2018. The average American taxpayer pays a 13% federal income tax rate.  Taxpayers and Amazon investors, customers, and employees deserve to know how one of the largest corporations in the world is avoiding paying its fair share in taxes – so we can stop it!  Corporations shifting profits offshore is estimated to cost the US government as much as $100 billion in lost tax revenue every year. Take action with our allies urging all Amazon shareholders to vote in favor of Amazon Shareholder Proposal #12: Tax Transparency.  On May 25th, Amazon shareholders will vote to require Amazon to disclose its revenues, profits, taxes, and other useful information relating to its income. This will expose Amazon’s profit shifting to avoid paying what it owes in taxes here at home.   Amazon, which is worth $1.1 trillion, doesn’t want you to know how much it actually owes.   ACT NOW Thanks for all you do, Todd Larsen Executive Co-Director for Consumer & Corporate Engagement Green America  P.S. Your support means we can do even more to reverse climate change and protect the future for people and the planet. Please contribute today. Share This

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