Amazon has become a popular whipping boy for politicians. Some on the right like to go after the online retail giant but for the most part, it’s those on the left that attack Amazon.
Amazon is a business that has grown considerably over the last decade or so. They first started out as a website selling college textbooks but have since branched out into nearly every area of the marketplace imaginable. Heck, they are even one of the more popular video streaming sites and own the supermarket chain Whole Foods.
But despite this massive growth, politicians go after Amazon for “not paying their fair share of taxes.”
Democratic presidential candidate Joe Biden was the most recent politician to go after Amazon but this time Amazon responded. They cited the tax code politicians enact, saying basically politicians only have themselves to blame for Amazon’s lack of taxes.
It makes sense. Who is going to give more to the government than you’re legally required?
I have nothing against Amazon, but no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers. We need to reward work, not just wealth. https://t.co/R6xaN3vXGT
— Joe Biden (@JoeBiden) June 13, 2019
We’ve paid $2.6B in corporate taxes since 2016. We pay every penny we owe. Congress designed tax laws to encourage companies to reinvest in the American economy. We have. $200B in investments since 2011 & 300K US jobs. Assume VP Biden’s complaint is w/ the tax code, not Amazon. https://t.co/uPUv1Tzlma
— Amazon News (@amazonnews) June 13, 2019