Amazon’s 2020 U.S. Tax Costs Jumped. It Likely Would Pay Even More Under Biden Plan.

Posted by on February 5, 2021 3:56 AM
Categories: Staff Posts

Amazon reported $1.8 billion in current U.S. tax liability for 2020, a departure from the tiny or negative tax costs it posted in prior years. It said a surge in pretax income last year led to the sudden rise in its reported tax expense.