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48.283292978208″ > Amazon.com Inc. < a class= "qt-chip trackable "data-fancyid= "XNASStockAMZN" href="http:/// investing/stock/amzn "data-track-mod=" MW_story_quote ” > AMZN, +7.38% said it paid billions in taxes in 2019, once again asserting that it follows federal and state tax laws. The post outlining the e-commerce giant’s tax payments follows critics, including Democratic governmental candidates, have taken objective at Amazon and other companies for paying as little as$ 0 in taxes. Amazon says it paid more than $1 billion in federal earnings tax costs, more than$ 2.4 billion in other federal taxes, including payroll taxes, more than $1.6 billion in state and local taxes, and remitted nearly$ 9 billion in sales and use taxes to states and localities in the U.S., in accordance with” market laws.”” We follow all relevant federal and state tax laws, and our U.S. taxes are a reflection of our continued financial investments, payment of our workers, and the present tax rules, “the business stated. The blog post takes a broad take a look at how Amazon impacts the economy, with other examples consisting of$ 270 billion in investments in workplaces and facilities, and millions of jobs created. Amazon stock skyrocketed 8.4% in Friday trading after blowout fourth-quarter earnings. Shares are up 18 %over the in 2015 while the S&P 500 index< period class= "quote down bgQuote" data-channel="/ zigman2/quotes/210599714
SPX, -1.77% has actually gotten 19.6 % for the period.
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