June 15, 2019

International Business Times: Amazon News: What Joe Biden, Bernie Sanders Said About The Retail Giant On Taxes And Its New Credit Card

media mention

On Thursday, Biden posted on Twitter how Amazon pays a “lower tax rate than teachers and firefighters.”

The New York Times in April noted how Amazon paid no taxes in 2018, citing a study from the left-leaning Institute on Taxation and Economic Policy. The study showed the company actually paid a -1.2% in taxes due to a $129 million tax rebate.

The Bellevue, Washington-based company has benefited from The Tax Cuts and Jobs Act of 2017, which cut federal tax rates across the board and also expanded tax credits and rebates which affected some businesses and corporations. Read more



Share