'We pay every penny we owe': Amazon hits back at Joe Biden, defending how much it pays in taxes

Amazon hit back at former Vice President Joe Biden on Thursday after he criticised how much the tech giant pays in taxes.

“We’ve paid $US2.6B in corporate taxes since 2016. We pay every penny we owe,” Amazon wrote on Twitter on Thursday.

Biden called out Amazon’s tax practice during a campaign speech in Mount Pleasant, Iowa, on Tuesday.

“I have nothing against Amazon, but they should pay a few taxes,” he said, according to a tweet from the Bloomberg reporter Jennifer Epstein.

Biden on Thursday also called out Amazon on Twitter.

“I have nothing against Amazon, but no company pulling in billions of dollars of profits should pay a lower tax rate than firefighters and teachers. We need to reward work, not just wealth,” he said in the tweet.

Amazon has not owed federal taxes in the past two years. It avoids paying federal taxes using a variety of tax credits and tax exemptions that are legal and built into the US federal tax code.

Read more:
Amazon will pay $US0 in federal taxes this year – here’s how the $US793 billion company gets away with it

“Congress designed tax laws to encourage companies to reinvest in the American economy,” Amazon wrote in its tweet. “We have. $US200B in investments since 2011 & 300K US jobs. Assume VP Biden’s complaint is w/ the tax code, not Amazon.”

Biden isn’t the only politician to call out Amazon over its taxpaying and business practices. Both Sen. Bernie Sanders and Sen. Elizabeth Warren have been outspoken critics of the company in the past.

In April, Warren called out Amazon in a town-hall speech, accusing it of using the data that it collects from sellers and buyers to create its own private-label products. This practice would “knock out” the competition, Warren said.

Last year, President Donald Trump also attacked Amazon in a series of tweets, in which he accused it of not paying taxes.

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