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Page 4 - Silicon Six News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bezos says Amazon backs corporate tax hike as Biden s infrastructure needs concessions from all

Bezos, who founded Amazon in 1994, is the first major CEO to back the plan Biden last week announced details of a $2 trillion upgrade to U.S. facilities The improvements will be paid for by increasing corporate tax The rate will rise from 21pc to 28pc - still lower than 35pc rate of four years ago Bezos s support for higher taxation was ironic given his own company s policy Amazon has long been seen as one of the most effective of tax players In 2020 Amazon paid an effective federal income-tax rate of 9.4 per cent 

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