Amazon CEO Bezos Endorses US Corporate Tax Increase

WASHINGTON - Amazon.com Inc. supports an increase 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)."    The largest online U.S. retailer, which has been widely criticized in recent years for paying little or no U.S. federal income tax, did not endorse raising rates to a specific figure.    The White House did not immediately comment.