Amazon chief Jeff Bezos supports corporate tax hike | Business | the sun

TheThe US president wants to raise taxes on the richest Americans and businesses, in particular to fund a plan to invest nearly $ 2 trillion in infrastructure.

Last Wednesday, he asserted that he had “nothing against millionaires and billionaires” while criticizing “the largest companies in the world, including Amazon”, which “use various legal tricks and do not pay a single penny. Federal income tax.”

“We support the Biden government’s vision of making bold investments in American infrastructure,” said Jeff Bezos, the world’s richest man with an estimated fortune of more than $ 188 billion, according to Forbes magazine.

The internet commerce giant has been in the eyes of the new Democratic administration, but also in the eyes of elected officials of both parties for several years, who cast a dim view of its enormous power over the US economy and thus also on politics.

“We look forward to seeing Congress and the government come together to find a good solution that is balanced and maintains or strengthens the competitiveness of the United States,” added Mr. Bezos.

America’s second-largest employer has nearly doubled its net profit to $ 21 billion in 2020, thanks to surging demand during the outbreak.

But political pressure is building to rein in the group in Seattle, Washington. Several federal authorities are investigating a possible abuse of dominance by Amazon and other tech giants.

Joe Biden has appointed leading anti-monopoly critics and has shown support for the union building movement in a collective warehouse in Alabama. It will be the first Amazon company in the United States if it succeeds.

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The White House tenant intends to cut corporate taxes to 28% when they were cut from 35% to 21% under Donald Trump.

According to him, this would generate $ 1 trillion in additional revenue for the country over 15 years.

In 2019, an independent analysis revealed that there were 91 companies it insisted belonged to 91 companies […] One of the largest companies in the world, including Amazon, have used various legal tricks and have not paid a single penny in the federal income tax.

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