- By Steve Smith
- December 23, 2021
Former Vice President Joe Biden said Amazon pays no taxes and should “start paying their taxes” in a broader critique of large, successful businesses.
On Friday, the Democratic presidential nominee said in an interview:
“I don’t think any company, I don’t give a damn how big they are, the Lord Almighty should absolutely be in a position where they pay no tax and make billions and billions and billions of dollars,”
Amazon Pay Taxes: For the 2017 and 2018 tax years, the financial filings of Amazon demonstrate that they are expected to receive money back from the federal government, not that it owned money in income tax. For the 2019 tax year, Amazon said it owed more than $1 billion in federal income tax. But thanks to tax deferrals, Amazon pay taxes and projected it would pay only $162 million of that, according to federal filings and tax experts, who say the $162 million figure represents little more than 1% of its profits.
Amazon pays no taxes and now the company should “start paying their employees a decent wage and protect their employees” Biden added. Amazon has been criticized as the workers at warehouse and delivery have complained of insufficient workplace protections amid the Covid.
Amazon didn’t show any response to a request for comment on Biden’s remarks. It merely follows all applicable tax laws, said Amazon.
“The U.S. Congress has written a tax code that incentivizes the type of job creation, capital investment, development of technology, and employee ownership that Amazon business does because these are critical drivers of a prosperous economy,” the company wrote on its blog in January.
Amazon has found itself in bipartisan crosshairs in Washington. Even as Democrats have ripped the company — and its CEO Jeff Bezos — for what they see as prioritizing profit over people, the e-commerce giant has received repeated criticism from President Donald Trump and his administration.
Trump previously claimed to take strong notice of Amazon bid for a multibillion-dollar cloud contract for the military. He also accused The Washington Post, which is owned by Bezos, of being a “lobbyist” for Amazon business and called the publication “the guardian of Amazon pays no taxes of internet (which they should).”
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