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Elizabeth Warren Fires Back at ‘Snotty’ Amazon in Tax Feud on Twitter

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Amazon and Senator Elizabeth Warren have engaged in a Twitter spat in which the progressive lawmaker accused the online giant of exploiting loopholes to avoid paying its “fair share” of taxes.

The Massachusetts senator tweeted a video in which she discussed with international tax expert Kimberly Clausing the measures that lower the tax burden for companies such as tax credits for research and development and shifting profits overseas.

Clausing told Warren in the clip that despite a U.S. corporate tax rate of 21 percent between 2018 and 2020, Amazon paid about 4.5 percent tax.

Warren wrote alongside the video: “Giant corporations like Amazon report huge profits to their shareholders—but they exploit loopholes and tax havens to pay close to nothing in taxes.”

Statista

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