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As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

As Amazon publicly embraced President Joe Biden’s plan to raise the corporate tax rate across the board, it has also lobbied Congress to preserve a prized tax break that’s helped it lower its corporate tax bill. The retail giant’s founder Jeff Bezos earned plaudits earlier this year when he announced that Amazon would back “a rise in the corporate tax rate” to help pay for Biden’s infrastructure package. His comments broke with most of the rest of corporate America — the U.S. Chamber of Commerce and Business Roundtable vehemently opposed…

The post As Bezos called for tax hikes, Amazon lobbied to keep its tax bill low appeared first on Technology Manias.

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