Zoom paid no federal income tax last year amid pandemic profit surge

Zoom paid no federal income tax last year amid pandemic profit surge https://nypost.com/2021/03/23/zoom-paid-no-federal-income-tax-amid-pandemic-profits/ Noah Manskar Videoconferencing giant Zoom exploited a loophole to avoid paying a penny in federal income taxes in 2020 — even though the COVID-19 pandemic drove its profits to staggering heights last year, records show. Zoom raked in nearly $664 million in US pre-tax profits in its last fiscal year as its platform became a ubiquitous tool… March 23, 2021 at 03:03PM New York Post https://nypost.com

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