Book report about (The 47 Ronin)

Corporate tax loopholes are unethical and immoral. These loopholes allow big corporations, that annually make millions to billions of dollars a year, to use legal accounting practices to avoid paying taxes of a higher bracket or even avoid taxes entirely. This was the case with Amazon, a company that churned out 11.2 billion dollars in profit in 2018 and paid zero dollars towards federal taxes. This is also the second year in a row that they have been able to do this. The new tax law that just passed under President Trump, The Tax Cuts and Jobs Act, has made it much easier for companies to avoid paying their fair share of taxes. It reduced the tax rate that corporations pay on their income from 35 to 21 percent, reduced the tax rate that corporate income from overseas that companies bring back to the U.S pay from 35 to between 8 and 15.5 percent, and completely exempted the foreign income that American companies made from U.S tax. Despite these massive tax cuts for corporations, they continue to pursue loopholes to even further lower the taxes that they have to pay.