Jeff Bezos (Amazon) Supports Joe Biden’s Proposed Corporate Tax Hike


Jeff Bezos, the founder and CEO of Amazon, considered by the magazine ‘Forbes’ the richest person in the world, has shown his support for the proposal of the president of the United States, Joe Biden, to increase the corporate tax from the 21 Current% to 28% to help fund its plan to modernize infrastructure in the United States.

“We support the approach of the Biden Administration to make bold investments in US infrastructure,” said Bezos in a statement released by the multinational, where he acknowledges that carrying out the necessary investment “will require concessions from all sides, both in the aspects specifics of what is included as well as how it is paid (we support an increase in the corporate tax rate). “

In this sense, the businessman has highlighted that both Democrats and Republicans have supported infrastructure in the past, and has affirmed that it is the right time to work together to make this happen.

“We hope that Congress and the Administration will come together to find the correct and balanced solution that maintains or improves the competitiveness of the United States,” he stressed.

Bezos’ support for the White House proposal comes after the US Treasury Secretary, Janet Yellen, has insisted on the opportunity to approve a minimum tax level at a global level for companies, so as to avoid the “race” to the downside that currently exists.

In this sense, the International Monetary Fund (IMF) yesterday was in favor of the possibility of establishing a minimum tax at the global level to tax the profits of corporations, while the European Commission trusts that Yellen’s statements will facilitate that an agreement is reached this summer on the matter within the OECD.

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