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Amazon answer After Joe Biden Claims Company does not pay its fair share



Chris White | Energy reporter

Amazon pushed back Thursday toward 2020 presidential candidate Joe Biden's claim that the big tech company is paying a lower tax rate than middle-class workers.

"We paid $ 2.6B in corporation tax since 2016. We pay every penny we owe. Congress drafted tax laws to encourage companies to reinvest in the US economy. We have $ 200B in investments since 2011 and 300K US Assume that VP Biden's complaint is without the tax code, not Amazon. " Amazon's tweeted read Thursday.

The company responded to a Biden tweet Thursday who said "no business pulls in billions of dollars of profits should pay a lower tax rate than firefighters or teachers." (RELATED: Here's The Eye -Popping Amount of Cash Google, Amazon and Facebook dumped at DC Lobbyists in 2018)

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FILE PHOTO: Participants at Amazon.com Inc annual cloud computing conference go past Amazon Web Services logo in Las Vegas, Nevada, USA, November 30, 2017. REUTERS / Salvador Rodriguez / File Photo [19659008] He tweeted a link to a New York Times article suggesting that the company pays very little in federal taxes. Amazon pays $ 0 in federal income taxes for the second consecutive year, after total profits have doubled from $ 5.6 billion in 2018 to $ 11.2 billion in 2019, according to a February report from the Department of Taxation and Economic Policy report.

Amazon founder Jeff Bezos announced in 2018 that the company raised its minimum wage for full-time and part-time employees to $ 15 per. Time after Whole Foods employees demanded higher wages. Other benefits, including incentive pay and share rewards, were cut.

Biden runs to president in an area that includes Elizabeth Elizabeth from Massachusetts, who recently tracked big tech companies and urges the federal government to dismantle large parts of Amazon, including behemoths. She cares that Amazon is unfairly shattering companies that use their services.

Warren wants to introduce new rules for technology companies with $ 25 billion or more in annual advertising revenue, forcing Amazon and Google to reduce their teams on online trading. The plan will also aim to limit mergers between companies such as Facebook's purchase of Instagram and WhatsApp.

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