Biden Criticizes Amazon For Paying $0 In Corporate Taxes

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  • Source: The Hill
  • 04/09/2021
Biden Criticizes Amazon For Paying $0 In Corporate Taxes
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Former Vice President Joe Biden on Thursday criticized online retail giant Amazon for paying nothing in corporate taxes last year, making him the latest presidential candidate to slam one of the most profitable companies over its effective tax rate of below zero.  "I have nothing against Amazon, but no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers," Biden tweeted. "We need to reward work, not just wealth."

A report from the Institute on Taxation and Economic Policy earlier this year found that 60 Fortune 500 companies, including Amazon, avoided paying any federal income taxes in 2018.
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