Amazon founder Jeff Bezos accused President Joe Biden of spreading "misdirection" on Twitter, after the president tweeted that rich companies needs to be paying their fair proportion of taxes to deliver down inflation.
"You need to deliver down inflation? Let's be certain that the wealthiest companies pay their fair proportion," Biden tweeted from his private account Friday night.
Bezos shot again later Friday with a tweet of his personal claiming there isn't any hyperlink between inflation and company taxes.
"Elevating corp taxes is okay to debate. Taming inflation is crucial to debate. Mushing them collectively is simply misdirection," Bezos tweeted.
Inflation has been rampant and affecting American shoppers, although it slowed for the primary time since August final month.
Bezos additionally mentioned Biden's tweet needs to be reviewed by the "Disinformation Board", an initiative from the the Division of Homeland Safety and the White Home to assist rein in disinformation, notably on social media platforms.
Biden has criticised Bezos' agency earlier than.
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In Could 2020, Biden mentioned Amazon ought to "begin paying their taxes" in an interview with CNBC.
"I do not assume any firm, I do not give a rattling how massive they're, the Lord Almighty, ought to completely be able the place they pay no tax and make billions and billions and billions of dollars," mentioned Biden, who was then working for president.
Beforehand, within the 2017 and 2018 tax years, Amazon's monetary filings confirmed that it didn't owe cash in revenue tax, and somewhat anticipated to obtain a tax refund from the federal authorities.
Amazon mentioned it paid $US1.7 billion ($2.46 billion) in federal revenue tax for the 2020 tax 12 months and paid $US1.8 billion ($2.61 billion) in different federal taxes.
It additionally mentioned it paid $US2.6 billion ($3.77 billion) in state and native taxes.
The e-commerce big's federal revenue tax invoice was assessed at roughly one third of the 21 per cent company tax price.
And Bezos himself has been scrutinized for his private tax payments previously — ProPublica reported in 2020 the billionaire didn't pay any federal revenue taxes in 2007 and 2011.
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