Amazon's (AMZN) tax bill plunges after GOP tax cuts; co. ran a USD 1.2bln tax bill last year, down from the USD 9bln previously, despite a 45% rise in profits, via Politico

Amazon's (AMZN) tax bill plunges after GOP tax cuts; co. ran a USD 1.2bln tax bill last year, down from the USD 9bln previously, despite a 45% rise in profits, via Politico.

Amazon's significant drop in its tax bill—from $9 billion to $1.2 billion—illustrates the substantial impact of the GOP tax cuts, even as profits increased by 45%. This change could affect perceptions of corporate tax policy and regulation, potentially prompting discussions around fairness and further regulatory scrutiny within the tech sector. As investors evaluate this shift, watch for implications on AMZN's stock performance and broader fiscal policy debates.