By Tim Stickings For Dailymail.com
Published: 09:05 GMT, 14 February 2019 | Updated: 09:05 GMT, 14 February 2019
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Amazon has paid nothing in federal income taxes for the second year in a row despite making a profit of more than $11billion, it has emerged.
The delivery giant doubled its profits in 2018 but actually received a tax rebate of $129million, a rate of minus one per cent.
In last year's filing Amazon similarly paid no corporate income taxes on its $5.6billion earnings.
The Institute on Taxation and Economic Policy revealed the negative tax rate was the result of unspecified 'tax credits' and other benefits.
Amazon has paid nothing in federal income taxes for the second year in a row despite making a profit of more than $11billion, it has emerged (stock photo)
The federal corporate income tax rate is 21 per cent, but the Institute on Taxation and Economic Policy has identified a number of leading companies who pay far less, including:
Alphabet - Google's parent company paid 12.3 per cent in the first three quarters of 2018, a large reduction from the previous year
Amazon - Has paid no federal corporate income taxes for the second year in a row
Apple - Effective tax rate dropped from 24 per cent to 14 per cent in 2018
Facebook - The institute said the social media giant
