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Amazon, Walmart trade barbs on taxes and wages

14 April 2019

"It's a kind of competition that will benefit everyone".

Bezos made the comments in his annual shareholders' letter where he pointed at the contrasting fortunes of the Fire phone versus Echo, both of which started development at around the same time.

Walmart has more than 1.5 million workers in the U.S. compared with just 350,000 at Amazon, so boosting wages would have more of an impact on the bottom line.

His tweet; "We don't compete with our sellers".

"We had always offered competitive wages". Bartlett shared an article that cited a report from the Institute on Taxation and Economic Policy which noted that Amazon will pay no federal income taxes for the second straight year.

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

Amazon CEO Jeff Bezos is challenging other retailers to match or even top the ecommerce giant's $15 an hour minimum wage.

The war between Walmart and Amazon is heating up as Dan Bartlett, Walmart's executive vice president of corporate affairs takes a shot at the latter by sharing an article on Twitter about Amazon paying US$0 in federal taxes on more than US$11 billion in profits past year.

FILE PHOTO: Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018.

Following criticism of how the company treats its workers, in 2018 Amazon vowed to introduce a wage hike in the United States.

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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.

Around 17,000 British employees benefited from the rise.

Meanwhile, Walmart is readying to make money from omnichannel advertising to catch up with Amazon's success in that front. Visit MarketWatch.com for more information on this news.

In the retail digital retail advertising space, Facebook and Google were leaders until Amazon caught up with them.

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Amazon, Walmart trade barbs on taxes and wages