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World Business Report: First broadcast 07/04/2021 14:32 GMT : Amazon boss Jeff Bezos backs corporate tax hikes

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First broadcast 07/04/2021 14:32 GMT 

First broadcast 07/04/2021 14:32 GMT : Amazon boss Jeff Bezos backs corporate tax hikes

Amazon boss Jeff Bezos backs corporate tax hikes

BBC World Service - World Business Report, Amazon boss Jeff Bezos backs corporate tax hikes

Growing global consensus that corporations should pay more tax.

The US Treasury Secretary has revived the debate over corporate tax hikes this week amid growing consensus between western governments that businesses should pay more.

There is a growing consensus between western governments that corporations should pay more tax on their profits following years of cuts to business taxes. The debate was revived this week by US Treasury Secretary Janet Yellen. Amazon’s Jeff Bezos – singled out by President Biden for not paying enough - has said he supports raising taxes on US companies. Alex Cobham, the Chief Executive of the Tax Justice Network, which campaigns for global tax reform discusses the proposed changes to the current tax regime. Also in the programme, as Brazil becomes the global epicentre of the coronavirus pandemic, recording more than 4,000 Covid-related deaths in 24 hours, the government is planning an infrastructure sale. The BBC’s Thais Carranca explains why the state is selling-off the operating rights to 22 of the country's airports, five ports and a railway line and how the US $1.75 billion they hope to raise will be used. Plus, Greenland's opposition party has won an election, which could have major consequences for international mining interests in the Arctic. Birger Poppel, a researcher at the University of Greenland tells us what this could mean for the country’s large deposits of rare earth metals. 

(Photo: Jeff Bezos at an Amazon news conference in Seattle / Credit: Reuters / Jason Redmond)

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First broadcast 07/04/2021 14:32 GMT : Amazon boss Jeff Bezos backs corporate tax hikes

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