Wall Street Journal: Amazon’s U.S. Tax Costs Jumped in 2020. It Likely Would Pay Even More Under Biden Plan.

Amazon’s low reported tax expenses in earlier years, along with similar figures from other companies, helped spur Democratic proposals for minimum taxes that would affect them.

“Half a loaf is better than none,” Matt Gardner, senior fellow at the left-leaning Institute on Taxation and Economic Policy, said of Amazon’s higher tax costs for 2020. However, he said, “We may still be in a place where the current tax system isn’t really meaningfully laying a glove on Amazon in the long run.” Read more

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