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Walmart issues Amazon tax payments in corporate tax



Corporate giants Walmart and Amazon aimed at each other on Thursday in an escalating battle for employee benefits and tax payments.

After Amazon's CEO. Jeff Bezos may have taken a jab at rival Walmart in his annual shareholder letter, a Walmart leader backing on Twitter, and asking the competitor to pay his tax bill, noticing Bezos, and using similar languages.

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As previously reported by FOX Business, zero dollars in federal income tax paid in 201

8, according to records with the SEC – despite almost doubling the profits.

Amazon has refused that claim.

"Amazon pays all the taxes we have to pay in the US and all the countries in which we operate, including paying $ 2.6 billion in corporate taxes and reporting $ 3.4 billion in tax over the past three years," the company said. is based on profit, not revenue, and our profits remain modest, as retailing is a highly competitive, low-margin business and our continued major investment. "

Walmart said it paid more than $ 3 billion in federal taxes. 19659002] Walmart responded to Bezos 'letter, challenging his "biggest retailers" who "know who [they] is" to match their employees' benefits and $ 15 minimum wages. He went one step further and encouraged his competitors to join a $ 16 minimum wage.

Amazon increased its minimum wage to $ 15 an hour late last year, following a press campaign from Independent Vermont Sen. Bernie Sanders, the company also said it would work with Congress to change the federal minimum wage.

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Similarly, Sanders has directed Walmart who pays a minimum wage of $ 11 per hour – implemented in January 2018. The Company has not committed to a minimum wage of $ 15.


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