5 Biggest Companies That Don’t Pay Taxes

1. Amazon (NASDAQ:AMZN)

Total revenue of the company in 2019 (in billions of dollars): 280,522

Total profit of the company in 2019 (in billions of dollars): 11,588

Total assets of the company in 2019 (in billions of dollars): 225,248

Total employees of the company in 2019: 798,000

Easily topping the list of the 5 biggest companies that don’t pay taxes is Amazon, which is among the largest companies in the world in 2021. As I mentioned earlier, for many years Amazon was not profitable and made huge losses as it made inroads into the e-commerce market and gained a major market share by using extremely low prices as a strategy. This has allowed the company to use the tax losses from those years which are brought forward against any income earned and hence, avoid paid taxes even though they have an income of more than $10 billion.

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