The Federal Trade Commission (FTC) has reached a record $2.5 billion settlement with Amazon, following allegations of deceptive subscription practices. Despite the ongoing US government shutdown, the fine includes $1 billion in non-tax-deductible penalties and $1.5 billion in restitution to consumers which can be written off as a business expense, ultimately reducing Amazon's tax bill by approximately $315 million.
Washington may have hit pause on paying federal workers, but regulators are still writing record checks. As the U.S. government enters its first shutdown since 2018, after senators failed to strike a funding deal, the Federal Trade Commission pushed throu...
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