Amazon’s U.S. Tax Costs Jumped in 2020. It Likely Would Pay Even More Under Biden Plan. - WSJ
The reason Amazon pays less than 21% stems, in part, from decisions by lawmakers. Amazon reported $639 million in tax credits, which companies can get for favored activities such as conducting research or investing in renewable energy. It also got $372 million from a break related to foreign sales from the U.S. and $1.1 billion in benefits from the way its workers’ stock-based compensation is treated.
You mean to tell me that lawmakers come up with complex and convoluted ways to micromanage the economy through the tax code, companies oblige, and then those same lawmakers are upset with the result?