While the tech giant Amazon has publicly endorsed proposals to raise the corporate tax rate in the United States, the company has been secretly lobbying to keep its own tax rates low, Politico reports.
Last year, during the 2020 presidential election, Amazon CEO Jeff Bezos openly supported then-candidate Joe Biden’s proposals to raise taxes on American corporations. Those proposals have re-emerged in recent weeks as a possible means of funding a possible infrastructure bill, and Biden has been advocating for other countries around the world to adopt higher corporate tax rates as well.
But recently, Amazon has been stepping up its lobbying efforts to try to convince Congress and the White House to allow the company to keep using certain tax breaks in order to keep its own rates low. The retail giant hired a tax lobbyist named Joshua Odintz, who formerly worked as a Democratic aide on Capitol Hill and then as an official in the Obama Administration. In addition to Amazon’s own efforts, similar lobbying has been undertaken by a group known as the “R&D Coalition,” which consists of several companies and organizations including Amazon, Intel, and the National Association of Manufacturers.
The Biden administration proposed a minimum global corporate tax rate of 15%, but said it hoped world leaders would negotiate a more “ambitious” minimum rate.
Treasury Department officials proposed the 15% minimum corporate tax rate during an Organization for Economic Cooperation and Development (OECD) meeting on taxation Thursday. The meeting marked the initial discussions over a global minimum rate between nations after the Treasury Department had previously pushed for such a tax to stop the global “race to the bottom.”
“Treasury proposed to the Steering Group that the global minimum tax rate should be at least 15%,” the department said in a statement Thursday. “Treasury underscored that 15% is a floor and that discussions should continue to be ambitious and push that rate higher.”
What a pitiful trajectory the woke leaders of large American corporations have traced as American business, once a pillar of American society and political science, has crumbled along with other pillars as if in a choreographed sequence.
The senior levels of national intelligence and the Justice Department were tainted in the nonsense about collusion between Donald Trump’s 2016 campaign and Russia in 2016. Academia, apparently down to kindergarten, largely has been transformed into a massive brainwashing operation to convince the country’s youth that the United States is hateful and racist. The national political media have failed catastrophically and all surveys show that over 80 percent of Americans don’t believe a word they read or hear from that source. Any sector of American society which has done such savage violence to its own franchise will pay dearly for it commercially.
Owners of major sports franchises roll over like poodles in perfect conformity with the league commissioners, as players prostrate themselves before the totalitarian authorities of China, denigrating the flag and national anthem. Team revenues have suffered, but the insolent players have not—yet.
Workers at an Amazon warehouse in Bessemer, Alabama, overwhelmingly rejected a bid to unionize, according to a National Labor Relations Board (NLRB) tally of the vote.
More than half of the workers who cast votes in the Bessemer, Alabama election voted against unionization, the NLRB reported Friday morning. Although hundreds of the ballots were contested, largely by the company, Amazon’s margin of victory was large enough that the contested votes were rendered unimportant.
The NLRB counted the vote on a live teleconference that began Thursday and resumed Friday morning with a small group of observers including Amazon representatives, Retail, Wholesale and Department Store Union (RWDSU) representatives and reporters.
If you haven’t gotten your fill of “cancel culture” yet, tell you what: I have over 80 companies you can cancel right now. Nike, Apple, Microsoft, Amazon, and Google among others should be facing the wrath of the social justice warriors, but I’ve barely heard a peep from them about these corporations.
Major American companies were quick to issue statements in support of Black Lives Matter or social justice causes in the aftermath of George Floyd’s death, but dozens of those same firms that have operations in Hong Kong have yet to weigh in on the Chinese Communist Party’s de facto takeover of the city.
Bank of America, Coca-Cola, Marriott, McDonalds, Nike and Scholastic are among the dozens of major American companies with footholds in Hong Kong that weighed in after Floyd’s death but have yet to weigh in on the new security law Beijing recently imposed on the city, which impacts its employees working in the city and which critics say is designed to crack down on dissent of the ruling Communist Party.
This writer and others who for decades railed against outsourcing industries to the People’s Republic of China were long dismissed as crackpots and Luddites. Now many of those who were doing the dismissing have been forced to admit the true cost of cheap goods is very high.
The Chinese Communist Party virus has exposed many of our nation’s infirmities.
The most glaring is our dependence on Communist China for medicine, medical equipment, and so many other essential goods.
by Tim Pearce The U.S. Coast Guard has ordered a U.S. energy company to plug a 14-year-old offshore oil leak or face a rolling fine of $40,000 a day, The Washington Post reported. Taylor Energy must “institute a … system to capture, contain, or remove oil” from its former…