Amazon is supporting a profit tax increase proposed by President Biden to help pay for his administration’s $ 2 trillion infrastructure proposal, the company’s founder, Jeff Bezos, said on Tuesday.
Biden proposed raising the corporate tax rate to 28 percent from 21 percent to help fund his global proposal.
“We recognize that this investment will require concessions from all sides – both in terms of the specifics of what is included and how it is paid (we support an increase in the corporate tax rate),” Bezos said in a statement. a statement.
“We look forward to Congress and the Administration coming together to find the right and balanced solution to maintain or increase US competitiveness.”
The outgoing Amazon CEO did not specifically support Biden’s plan, but said his company supports “focusing the administration on bold investments in US infrastructure.”
Bezos’ statement came after the president called the e-commerce giant when he revealed his infrastructure plan, explaining how much he pays in federal taxes.
The president said last week that Amazon is one of 91 Fortune 500 companies that “use various loopholes in which they don’t pay a lump sum in federal income tax.”
Amazon has long been criticized for paying virtually no federal taxes in the United States for years.
Bezos, the richest man in the world, will step down as CEO in the third quarter of 2021.
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