“You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Biden tweeted
from his non-public account Friday night time.
Bezos shot again later Friday with a tweet of his personal claiming there’s no hyperlink between inflation and company taxes.
“Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection,” Bezos tweeted
Bezos additionally stated Biden’s tweet will have to be reviewed through the “Disinformation Board,” an initiative from the the Division of Native land Safety and the White Area to lend a hand rein in disinformation, specifically on social media platforms.
Biden has criticized Bezos’ company earlier than. In Would possibly 2020, Biden stated Amazon will have to “start paying their taxes” in an interview with CNBC.
“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,” stated Biden, who used to be then working for president.
Prior to now, within the 2017 and 2018 tax years, Amazon’s monetary filings confirmed that it didn’t owe cash in source of revenue tax, and quite anticipated to obtain a tax refund from the government.
Amazon stated it paid $1.7 billion in federal source of revenue tax for the 2020 tax yr and paid $1.8 billion in different federal taxes. It additionally stated it paid $2.6 billion in state and native taxes.
The e-commerce massive’s federal source of revenue tax invoice used to be assessed at kind of one 3rd of the 21% company tax price.
And Bezos himself has been scrutinized for his non-public tax expenses up to now — ProPublica reported in 2020 the billionaire didn’t pay any federal source of revenue taxes in 2007 and 2011.
— CNN’s Chris Isidore and Brian Fung contributed to this document.