Democratic presidential candidate and former Vice President Joe Biden criticized Amazon on Friday, saying the company “should start paying their taxes.”
“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, No. 1,” Biden said in an interview on CNBC’s “Squawk Box.”
Amazon paid $0 in federal income taxes from 2016 to 2019, and it paid $162 million in 2020, or about 1.2% of its pre-tax income.
Biden’s statements echo sentiments from Republicans and Democrats: Both Sen. Elizabeth Warren, a former Democratic candidate for president, and President Donald Trump have called out Amazon in the past.
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Democratic presidential candidate and former vice president Joe Biden ripped into Amazon Friday morning, echoing President Donald Trump’s sentiment that Amazon should be paying more in taxes.
Biden was asked by Andrew Ross Sorkin on CNBC’s “Squawk Box” whether, like his former opponent Sen. Elizabeth Warren, he’d seek to break up Amazon. While Biden didn’t give a definitive answer on the antitrust issues that Warren has raised, he did …read more
Source:: Businessinsider – Politics