The Problem With Amazon’s Tax Bill

Yet again, Amazon will pay ZERO taxes to the IRS for 2018

1 min Read
02.28.2019

By Harry Dent

Amazon AMZN is the best of this bubble, and in some ways the worst!

Yet again, it’ll pay zero taxes to the IRS for 2018!

No taxes on sales of $233 billion and profits of $10.8 billion
last year.

Not a dime.

Nada!

This is just wrong.

And it’s one of many things
that are wrong with this bubble!

I just had to record a video to talk to you about it.

Amazon got up to a $1 trillion valuation at its peak in 2017. At that time, it was 5.6x sales. That’s crazy. A normal valuation is 1x, maybe 2x for a growth company.

So, we’ve got companies making record profits and enjoying tax cuts. AND they’ve had a QE tailwind for years…

All of which they’ve used to buy back their own stocks.

Yeah! That’s a recipe for trouble.

First though, they’ll present Dark Window profit opportunity this year!

Harry

Follow me on Twitter @harrydentjr

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