
Biden wants Amazon to 'start paying their taxes'
CNN
Former Vice President Joe Biden said Amazon should "start paying their taxes" in a broader critique of large, successful businesses.
"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," the presumptive Democratic presidential nominee said in an interview with CNBC on Friday. For the 2017 and 2018 tax years, Amazon's own financial filings showed that it expected to receive money back from the federal government, not that it owed 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 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.More Related News