Does Amazon pay taxes? Contrary to Trump tweet, yes

The firm said that it paid $177 mn in income taxes in 2014, $273 mn in 2015 & $412 mn last year

After President Donald Trump accused Amazon on Wednesday morning of hurting local retailers and jobs by not paying taxes, the company’s shares dipped in premarket trading.

“Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the US are being hurt — many jobs being lost!” he tweeted on Wednesday morning, echoing his earlier characterisations of the company as a “no-tax monopoly” that does not pay “internet taxes.”

Trump’s suggestion that Amazon does not pay taxes is false. The company, in its latest annual report to the Securities and Exchange Commission, said that it paid $177 million in