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Bezos and Biden spar over corporate taxes and inflation

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By CHRISTOPHER RUGABER

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They don't need to raise corporate taxes.

They just need to close the current loopholes that all the major international corporation use to shift their taxes outside the country where they earn profits.

The only way a company in any country shouldn't pay taxes there, is if they don't have any services or product sales in that country.

The lawyers and tax accountant teams in these huge companies spend every waking moment trying to figure out a way to use the tax laws in every country to reduce the total tax paid as much as possible. Amazon has to be claiming they are losing money in America to not pay taxes. That's just false.

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