AP Photo/Matt Rourke
- Sen. Bernie Sanders said it’s a "disgrace" that Amazon and Netflix don’t pay their fair share of tax, at a Fox News townhall event on Monday.
- The Democratic presidential candidate released his own tax returns going back 10 years on the same day.
- Sanders has been a vocal critic of Amazon in the past.
- Visit BusinessInsider.com for more stories.
Sen. Bernie Sanders renewed his attack on retail behemoth Amazon on Monday, with Netflix drawing his ire as well.
Speaking at a Fox News town hall event, Sanders criticised the way America’s tax system allows corporate giants to pay small amounts of tax.
"I happen to believe… that we have an absurd tax system," Sanders told Fox News hosts Bret Baier and Martha MacCallum.
"While millions of people today are paying actually more in taxes than they anticipated, Amazon, Netflix and dozens of major corporations, as a result of Trump’s tax bill, pay nothing in federal taxes. I think that’s a disgrace," he said. On Monday Sanders also released his own tax returns, going back 10 years.
Sanders has a history of needling Amazon, taking the company to task over its working conditions. He aggressively lobbied the company to raise its minimum wage, which it did in November of last year.
Neither Amazon nor Netflix paid any federal or state income tax 2018, although they made $11.2 billion and $845 million in profit respectively. Amazon and Netflix were not immediately available for comment when contacted by Business Insider.
Read more: Bernie Sanders renewed his war with Amazon over working conditions for its lowest paid employees
Sanders isn’t the only one to criticise Amazon’s minimal tax bill.
After CEO Jeff Bezos published his letter to shareholders last week, in which he challenged rival retailers to up their minimum wage to $16 per hour — $1 more than Amazon’s minimum wage which came into force in November — Walmart clapped back.
"How about paying your taxes?" tweeted Walmart’s executive vice president of corporate affairs Dan Bartlett.
A recent report from the Institute on Taxation and Economic Policy said Amazon used "tax loopholes that allow profitable companies to routinely avoid paying federal and state income taxes."
In response to the report, an Amazon spokesperson issued Business Insider with this statement: "Amazon pays all the taxes we are required to pay in the US and every country where we operate, including paying $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years.
"Corporate tax is based on profits, not revenues, and our profits remain modest given retail is a highly competitive, low-margin business and our continued heavy investment."
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See Also:
- Jeff Bezos says independent sellers on Amazon are ‘kicking’ the online retail giant’s ‘butt’ in sales
- Jeff Bezos says Amazon ‘remains a small player’ in retail after the company posted revenues of $233 billion last year
- Amazon CEO Jeff Bezos says multibillion-dollar failures are actually a good thing: ‘If the size of your failures isn’t growing, you’re not going to be inventing at a size that can actually move the needle’
SEE ALSO: Bernie Sanders releases 10 years of tax returns after weeks of delays
Source: Business Insider – feedback@businessinsider.com (Isobel Asher Hamilton)