With the correct arrangement of holding companies, etc… in various countries around the world, corporations usually get away with paying virtually no taxes themselves. They might have to collect local sales taxes or some such, but going through Ireland, the Netherlands, and various other tax havens, the company itself pays effectively no taxes.
And that’s assuming they choose to make a profit. Amazon intentionally makes virtually no “profit”, because they take the revenue that would otherwise have become “profit” and spend it in a way that counts as “re-investing”.
So, Amazon shows billions and billions of dollars of revenue, but relatively little profit. And it’s only profit that would get taxed at the federal level.
It is a problem in where that money is going and being spent on. If they are truly investing, no problem, but if they are "investing" into, for example, buying there own private islands to vacation on under the guise of business, lambos for company cars, or boosting stock prices they already own, they aren't helping or supporting the economy they are extracting wealth from. And it should be taxed just like if I personally bought an island or 50 pounds of gold jewellery or a supercar.
Just because a company buys and owns something doesn't automatically make it an investment that shouldn't be taxed as profit.
So, Amazon shows billions and billions of dollars of revenue, but relatively little profit. And it’s only profit that would get taxed at the federal level.