Amazon’s Jeff Bezos backs tax rise on companies

Amazon boss Jeff Bezos has said he supports raising taxes on US companies.

The comments by the world’s richest man come as US President Joe Biden is pushing to raise the corporate rate from 21% to 28%.

The rise would help pay for a massive spending plan to upgrade America’s roads, ports, water pipes and internet.

In his speech unveiling the proposal, Mr Biden singled out Amazon as an example of a company that pays too little.

The statement by Mr Bezos said Amazon supported Mr Biden’s “focus on infrastructure” and called on Democrats and Republicans to “work together” and reach a compromise.

“We recognize this investment will require concessions from all sides – both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate),” Mr Bezos said in the statement.

“We look forward to Congress and the Administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness.”

– Bloomberg

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