Amazon has made $11.2B in profits in 2018 but will pay no federal income tax and will receive rebate of $129M due to unspecified tax credits (Matthew Gardner/ITEP)

Matthew Gardner / ITEP:
Amazon has made $11.2B in profits in 2018 but will pay no federal income tax and will receive rebate of $129M due to unspecified tax credits  —  Amazon, the ubiquitous purveyor of two-day delivery of just about everything, nearly doubled its profits to $11.2 billion in 2018 from $5.6 billion …

from Techmeme http://bit.ly/2DGGPFd