Walmart Responds to Bezos with Tweet Asking Amazon to Pay Taxes

Amazon's Jeff Bezos throws down the gauntlet to rival retailers to boost wages

Amazon CEO and founder Jeff Bezos challenged retail competitors Thursday to match his company's decision to hike employees' hourly minimum wage to $15 - a move that drew a response from a leader at competitor Walmart.

Bezos laid down the challenge in his annual shareholder letter, published on Thursday.

"Do it! Better yet, go to $16 and throw the gauntlet back at us".

Amazon's largesse is not unwarranted and perhaps Bezos can be forgiven for gloating, given that the US minimum wage is still just $7.25 an hour.

The online retailer hiked its minimum wage in the U.S last November and shippers competed to hire workers for the holiday shopping season amid unemployment at a almost 20 year low.

"Hey retail competitors out there (you know who you are) how about paying your taxes?" and proceeded to tag Amazon chief Jeff Bezos.

Mum on Senate support for Herman Cain for Fed
Moore and Cain are both vocal Trump supporters and have called for slashing interest rates to make the economy grow even faster. We've seen how a responsible Fed board should behave, and it sets the standard the U.S.

BTS beats own YouTube record with ‘Boy with Luv’ single
The fourth track, titled " Make It Right ", was co-produced and co-written by the "Perfect" singer. In May, BTS will be hitting the road in the USA for the Love Yourself: Speak Yourself tour.

U.S. governor signs foetal heartbeat law, setting stage for legal challenges
That makes OH the sixth state in the nation to attempt to outlaw abortions at the point a fetal heartbeat can be detected. But DeWine defended Ohio Republicans" decision to push the boundaries of the law, because "it is the right thing to do'.

Amazon has said that it pays all the required taxes in every country where it operates, including $2.6 billion in corporate tax and reporting $3.4 billion in tax expense over the last three years. According to an article published last October by The New York Times, employee are fuming over the shrink in total compensation, as Amazon will "no longer give out new stock grants and monthly bonuses". "Third-party sellers are kicking our first-party butt", Bezos wrote, attributing their success to tools built by Amazon, including the Prime subscription program and Fulfillment by Amazon distribution service.

Walmart, which has raised its minimum wage twice since 2015, pays an entry wage of $11 per hour. They also plan to call to an end to stalled contract negotiations.

"As a company grows, everything needs to scale, including the size of your failed experiments".

The CEO said he believed the wage hike was good for business, saying the increase was "beyond competitive".

Democratic presidential candidate Elizabeth Warren's proposal to slap 7 percent tax on companies who report more than $100 million in profits has Amazon as a specific target.

Related:

  • Owners of faulty Nexus 6P phones could get up to $400

    Owners of faulty Nexus 6P phones could get up to $400

    But later it was reported that users were facing bootloop, in which Nexus 6P was simply shutting down without any warning. Some of you might not remember the Nexus 6P - it came along in 2015 and the 5.7 inch device was worth $500 at the time.
    Twitter Scorches AOC For Comment to Dan Crenshaw About Terrorism

    Twitter Scorches AOC For Comment to Dan Crenshaw About Terrorism

    Ocasio-Cortez was reacting to criticism by Crenshaw - a retired Navy SEAL who lost an eye fighting al-Qaida - of Muslim Rep. She then added that her "love and commitment to our country and that of my colleagues should never be in question".
    Horizon Zero Dawn Voice Actress Says a Sequel is Coming

    Horizon Zero Dawn Voice Actress Says a Sequel is Coming

    In the last hour potential anticipation has arrived, which seems to have revealed the existence of Horizon Zero Dawn 2 . For the moment, however, no announcements had arrived yet except for a few rumors about Horizon Zero Dawn 2 on PS5.
  • Hazard warns Liverpool that 'Chelsea can beat anyone.'

    Hazard warns Liverpool that 'Chelsea can beat anyone.'

    An interesting little facet of this game is that it will come minutes after the end of Manchester City's match at Crystal Palace . Fellow midfielder Adam Lallana is expected to return to the squad after missing the last two games with a muscle injury.
    Damaging winds, isolated tornadoes possible Sunday: What you need to know

    Damaging winds, isolated tornadoes possible Sunday: What you need to know

    Morning temperatures may peak near 70 but they're expected to cool into the 60s and 50s as the day wears on. Forecasters warn residents in the area to be aware of hail and gusts of wind up to 70 miles per hour .
    Man City left to question priorities for Crystal Palace visit

    Man City left to question priorities for Crystal Palace visit

    That's why we chose to play a different type of game . "I think when we conceded the goal, nothing happened". "I don't see a situation where they will both pick three points up from every game this season".
  • Boy thrown from Mall of America balcony being treated, police chief says

    The name of the victim has not been released, and his family is asking for their privacy to be respected. A witness says the child's mother was screaming that someone had thrown her child from the balcony.
    Indonesia On Alert for Tsunami

    Indonesia On Alert for Tsunami

    On December 26, 2004, a 9.1-magnitude quake struck Aceh province, causing a tsunami and killing more than 170,000 in Indonesia. The quake struck at a relatively shallow depth of 17 kilometres off the east coast of Sulawesi island, said the USGS.
    Facebook, Instagram and WhatsApp are down for many users

    Facebook, Instagram and WhatsApp are down for many users

    As of the time of writing, there has been no update from Facebook about what caused the outage and when the service will return. A map on the site showed the UK, US and large areas of Europe are affected by the connection issues.
  • After missing playoffs again, Lakers face ‘critical’ offseason says LeBron James

    After missing playoffs again, Lakers face ‘critical’ offseason says LeBron James

    That's why I came here. "So I'll be as active as I need to be for us to get better and go from there". They have four regular-season games remaining.
    ICC Judges Turn Down Request for Afghanistan War Crimes Probe

    ICC Judges Turn Down Request for Afghanistan War Crimes Probe

    The U.S. warned it would carry out tougher measures if the case went ahead, including imposing economic sanctions on the court. The exterior view of the headquarters of the International Criminal Court in The Hague, Netherlands.
    USA  oil giant Chevron says will acquire Anadarko for $33 billion

    USA oil giant Chevron says will acquire Anadarko for $33 billion

    Following the transaction announcement, Anadarko's shares surged more than 30 percent in pre-market trade on the NYSE on Friday. Anadarko shareholders will receive 0.38 shares of Chevron and $16.25 (£12.43) in cash for each of their shares.

Comments

Latest news

Star Wars Galaxy's Edge to feature specially created Coca-Cola packaging
Need more Star Wars: Galaxy's Edge info? The 950 km/h ship was first seen in the opening scenes of Star Wars: A New Hope in 1977. In the 20th year of LEGO Star Wars , the team is going back to the beginning of the story and releasing 75244 Tantive IV .

New Samsung Galaxy A80
In China, the 6GB RAM variant of the Samsung Galaxy A70 is available for pre-orders with a price tag of CNY 2,999 which is approx. It runs on Android 9 Pie out of the box and features an on-screen fingerprint reader and fast charging support at a rate of 25W.

Durant, Beverley ejected after constant trash talk
Perhaps this old, heated rivalry still has all the testiness of years past - just with new faces all around. In addition to Rivers, Danilo Gallinari was called for a tech.

From 15 to 60: The Playoff-Ready Bucks are Built to Stay
Bojan Bogdanovic has really stepped up, as has Wes Matthews, and Young, Turner, Sabonis, I mean the whole team , really. The Clippers count heavily on their talented, versatile bench, too. "I enjoy the way they played basketball".

Leicester City vs. Newcastle United - Football Match Report
Ayoze Perez thinks that Newcastle are now safe from relegation after he scored the only goal against Leicester this evening . In a game that if Newcastle won they would all but guarantee their place in the Premier League for next season.

Three dead after planes collide near Mt Everest
The airfield is notorious for its short runway and perilous approach, sitting at an elevation of over 2,800 meters. In addition to the three fatalities, there were four people injured and airlifted to Kathmandu by helicopter.

2 children dead, many homes damaged as storms pummel South
Two children were injured and more than a dozen people were treated on the scene for minor injuries after the Franklin tornado . According to officials, about 4,000 in Franklin have been left without power as a result of the storm.

FCC to spend $20 billion for rural internet
Since November, the FCC has auctioned 1,550 megahertz of spectrum to be used by commercial wireless providers for 5G connectivity. Pai is also proposing to invest $20.4 billion over 10 years to build out high-speed broadband networks in rural America.

Twitch streamers capture awesome footage of SpaceX rocket landing
The satellite is meant to provide Internet and mobile phone services for customers in Europe, Africa, and the Middle East. The satellite was safely deployed in orbit just more than half-hour after launch, giving SpaceX a flawless launch.

Pre-Cut Fruit Sold At Walmart, Target Recalled In Illinois
Caito Foods is recalling pre-cut melon from stores due to the possibility of salmonella contamination. Retailers include Amazon/Whole Foods, Kroger, Target, Walmart and Trader Joe's.

Star Wars Jedi: Fallen Order - Official Reveal Trailer (HD)
He works "as part of the scrapper guild", and he bears a close resemblance to Rey in terms of what he does - and his powers. Cal will come across new and old faces in the Star Wars universe, including his companion Cere and his droid buddy, BD-1.

Pope stuns South Sudan rival leaders by kissing their feet
In South Sudan, rule of starvation due to the civil war. "So, as simple citizens, you will become fathers of the nation." . Kiir and Machar had clashed in 2013, leading to a civil war that left roughly 400,000 people in South Sudan dead.

Google Pixel 3A: Expected Specifications, Features, And Pricing
Both are said to sport Google's usual 4GB of memory, Qualcomm's mid-range Snapdragon 670 processor and 12-megapixel rear sensors. Currently, we do have a fair idea of what could be the specifications of the mid-range Pixel 3a and Pixel 3a XL devices.

Ivanka Trump 'in the running to become World Bank President'
However, Trump said he was afraid of the criticism he would have faced if he chose Ivanka for either position. Donald Trump believes his daughter Ivanka "would have been incredible" as president of the World Bank .

Facebook reportedly bringing messages back to main app
Quickly after that, the option to have conversations with friends via Chat was completely removed from the Facebook app. A Facebook spokeswoman said that the company did not have any additional details to share at this time .

Other news