"I have nothing against Amazon, but no company that makes billions of dollars in profits should pay a lower rate than firefighters and teachers, we have to reward work, not just wealth," the former vice president tweeted a New York Times story from April on how Amazon got a discount on its corporate taxes in 2018.
"We've paid $ 2.6 billion in corporate taxes since 2016. We pay everyone We owe a dime." Congress has drafted tax laws to encourage companies into the We have $ 200 billion in investments since 2011 and $ 300,000 in US employment.
According to the left-wing Institute for Tax and Economic Policy, Amazon received a refund of $ 1
29 million in 2018 for various tax credits US $ 11.2 billion in profits According to the analysis of the group's regulatory filings, state taxes were last paid in 2016.
Amazon is by no means alone in the absence of federal tax. which range from Delta Airlines to Duke Energy, also received rebates in 2018 – a list which, due to d 2017 tax hike, which reduced the corporate income tax rate from 35% to 21%. The corporate tax debate broke out in 2013 when lawmakers called Apple to a hearing to testify about its network of tax havens. Like Amazon, Apple argued that Congress sets the rules and simply finds the way to pay the lowest taxes in that framework.
However, Amazon has also made unusual public struggles to lower the taxes it owes, such as: For example, a new tax on large employers issued by Seattle last year to lift them after an aggressive opposition campaign by Amazon and other employers. Seeking a second headquarters, the company hired cities and states for tax breaks and for years avoided paying state sales taxes until its growing network of physical warehouses made it turn around and collect them everywhere.
Biden was not as open to criticizing companies as other Democratic competitors, including Sens. Elizabeth Warren and Bernie Sanders, but was forced to go left on many issues to follow a changing electorate.