Amazon’s relatively low tax bill in the UK has been a contentious issue for years. As online sales soared, driven by the COVID-19 restrictions adopted in 2020, the company nevertheless displayed a tax-to-turnover ratio of just 0.37 percent.
House Democrats have unveiled a litany of new tax proposals to fund President Joe Biden’s $3.5 trillion federal spending bill, but a new report suggests the spending plan would shrink the economy.
The federal government collected a record $3,586,456,000,000 in total taxes through first eleven months of fiscal 2021 (September through August), according to the Monthly Treasury Statement.
Events this weekend showcased the intense bifurcation of America into two separate realities. As our country observed the 20th anniversary of the 9/11 attacks, former presidents gathered, sans Donald Trump, in New York for a solemn ceremony — wearing masks even though they are fully vaccinated and were outside.
Several Chinese Communist Party-backed influence groups have sponsored events and trips to China for U.S. officials – including Joe Biden’s Secretary of Agriculture Tom Vilsack – as part of a broader crusade to increase collaboration between the two countries on agriculture and farming.
