Business Insider: Jeff Bezos says Amazon Supports a Corporate-tax Hike, Arguing that Biden’s Infrastructure Plan Will Require ‘Concessions from All Sides’
media mentionAfter Biden’s plan was proposed last week, the Business Roundtable, an organization that represents CEOs of major US firms, issued a statement strongly opposing the tax increase as a way to pay for the infrastructure plan, saying it would create “new barriers to job creation and economic growth.”
Amazon has long been accused of not paying its fair share in taxes during its rise to be one of the most valuable corporations in the US. In 2020, Amazon paid an effective federal income-tax rate of 9.4%, despite a year of massive pandemic-driven profits, according to the Institute on Taxation and Economic Policy.