Amazon CEO Jeff Bezos, stung by wide criticism, endorses U.S. corporate tax hike

Amazon.com Inc supports a hike in the U.S. corporate tax rate as part of an infrastructure overhaul, Jeff Bezos, chief executive of the largest U.S. retailer, said on Tuesday after facing withering criticism from the White House, Congress and on social media.

“We support the Biden Administration’s focus on making bold investments in American infrastructure,” Bezos said in a blog post. “We recognize this investment will require concessions from all sides — both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate).”