Jeff Bezos has criticised US President Joe Biden over his remark on controlling inflation in the country by taxing "the wealthiest corporations"."You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share," Biden had tweeted on Saturday.
You want to bring down inflation?
Let’s make sure the wealthiest corporations pay their fair share.— Joe Biden (@JoeBiden) May 13, 2022
Inflation in the US surged to 8.3% in April, approaching a 40 year record, the New York Post reported. Prices for food and fuel have soared.
Bezos, the third richest person in the world with a net worth of $138.8 billion, called the President's take on inflation a misdirected one.
"Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection," the Amazon founder tweeted.
The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection. https://t.co/ye4XiNNc2v— Jeff Bezos (@JeffBezos) May 14, 2022
The Disinformation Governance Board was introduced by the Department of Homeland Security to fight disinformation on social media.
Meanwhile, Amazon too has been has been the subject of much criticism over the fact that the company’s final federal tax burden has been particularly lacking in recent years. According to a report in CNBC, the company came under fire for seeking tax incentives worth billions of dollars as part of its search for a second headquarters, or “HQ2,” in 2018.
In the same year, Amazon posted an income of more than $11 billion, but the company paid $0 in federal taxes, the report added. In fact, due to tax credits and deductions, Amazon actually received a tax refund of $129 million. In 2017, it had received a $137 million refund.