Amazon Avoided $5.2 Billion in Taxes: Report. It Won't Under New Law.

Contributing sentiments towards policy:

55% : The Joint Committee on Taxation estimated that about 150 firms would feel the impact of the new tax, which is expected to raise $222 billion over 10 years, including $35 billion in 2023.
51% : The new law changes that by requiring a minimal level of taxation.
51% : Amazon (ticker: AMZN) reported $35 billion in U.S. pretax income for fiscal 2021, but is taxed at a federal income-tax rate of 6%, according to a from the Institute on Taxation and Economic Policy, an advocacy group.
50% : AMZN in 2021 reported: $2.3 billion in federal income tax expense in 2021.
46% : The current tax code allows some companies to take advantage of tax breaks to pay little in taxes, Hoopes said.
44% : Amazon avoided about $5.2 billion in taxes in 2021, it said.
43% : The Seattle company paid $2.1 billion in taxes that year.
37% :Heather Jurek, vice president, tax, at eBay, said that the UNC interpretation of the new tax rules were "inaccurate as applied to eBay's specific facts.

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