Amazon founder Jeff Bezos backs US business tax hike – Business – 07/04/2021

Amazon This Tuesday supported the proposal of the US President, Joe BidenThe founder of the internet commerce giant said it’s from raising taxes on corporate income to financing an infrastructure plan Jeff Bezos In a statement published by the company on Twitter.

A few days after Biden complained that Amazon was not paying Income Taxes“We support the increase in the tax on companies (income),” Bezos noted.

“We understand that this investment will require concessions from all parties, whether in the details of what is included or how it will be paid (we support an increase in the corporate tax rate).”

“We hope that Congress and the administration will meet to find the right and balanced solution that preserves or improves competitiveness,” Bezos added. United State“.

Amazon has been a target of cash for years because it pays little or no Corporate tax. The company has defended its policies, stating that its investments compensate taxes as stipulated in the tax code.

Biden proposes a $ 2 trillion infrastructure program that will be funded in part by raising the corporate tax rate from 21% to 28% and cracking down on the use of tax havens.

Last month, the president cited a 2019 study showing that 91 Fortune 500 companies, “the largest in the world, including Amazon … don’t pay a penny in the federal income tax,” adding, “It’s not true.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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