Former Vice President Joe Biden renewed his criticisms of the e-commerce giant Amazon, once again turning the company into a political football that was kicked by presidential candidates on various issues, including taxes and fees. delivery.
On Friday, Biden was asked in an interview with CNBC if the company was to be divided to prevent it from becoming too powerful and monopolistic, as suggested by former presidential candidate Sen. Elizabeth Warren.
“I think Amazon should start paying taxes, okay?” said Biden, the alleged Democratic presidential candidate. “I don’t think any company, I don’t give a damn about how big they are, Lord Almighty, they should absolutely be in the position where they pay no taxes and make billions and billions and billions of dollars, number one.”
In this image from the video provided by the Biden campaign for the president, former Democratic vice president Joe Biden, presidential candidate, speaks during a meeting with the virtual press on Wednesday 25 March 2020. (Photo: AP)
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Biden then doubled his comments on Twitter, saying, “I’ve said it before, and I’ll say it again: no company that makes billions of dollars in profits should pay a lower tax rate than firefighters and teachers . It’s time for Amazon to pay its fair share. “
Amazon’s position is that it pays what it owes based on the tax code.
A recent analysis by the Liberalization-prone Institute for Taxation and Economic Policy said that despite reporting $ 29 billion in U.S. revenue over the past three years, the company reported a total of zero current federal income taxes in the same period.
“In fact, the company’s three-year tax total was negative – a $ 102 million discount!” the institute wrote.
Reached for comment, the company referred to a blog post in January that said its 2019 U.S. taxes included $ 1 billion in federal income tax.
“We follow all applicable federal and state tax laws, and our US taxes are a reflection of our ongoing investments, our employees’ compensation and current tax regulations,” the company wrote.
Biden made similar comments last year and is now discussing the issue again during the campaign season. President Trump criticized Amazon CEO Jeff Bezos, who separately owns the Washington Post, one of several media outlets that Trump mocked for his coverage of him. Last month, Trump also said that he would not approve a $ 10 billion loan for the United States postal service unless he raised tariffs on Amazon’s delivery services.
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