Trump attacks Amazon again after aide denies policy changes

Trump attacks Amazon again after aide denies policy changes

Trump attacks Amazon again after aide denies policy changes

The report, published by Axios, said the president has considered going after Amazon "with antitrust or competition law", and that his friends in real estate have vented to him about Amazon hurting their business.

The claims come just a week after news that the European Union is planning to levy a flat-rate turnover tax on a number of predominantly USA companies, including Amazon, in a bid to raise more corporation tax from the companies.

The tweet comes a day after Axios reported that the president has been "obsessed" with Amazon, focusing on how the company is taxed and how the company uses the United States Postal Service. Also, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction dated Thursday, February 15th.

Amazon shares fell as much as 4.5 percent in morning trade, but later pared losses, down 1.3 percent at midday. First National Trust Co who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $674.94 billion market cap company.

Arete Wealth Advisors Llc decreased its stake in Amazon Com Inc (AMZN) by 60.2% based on its latest 2017Q4 regulatory filing with the SEC. Facebook's stock has plummeted about 20% since February 1. This notion was hinted at in August 2017, when the president said Amazon was "doing great damage to tax paying retailers" and causing "many jobs" to be lost.

It is clearly true that consumers' shift to e-commerce companies like Amazon has forced many traditional retailers to close stores.

The article didn't say what Trump might try to do with Amazon, or if there's much he can do. White House press secretary Sarah Huckabee Sanders said later Wednesday that the administration isn't considering any changes in policy directed at the company.

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He agrees that Facebook's problems are amplifying concerns for Amazon regarding what's actually an old debate that's been reignited, and he explained what Trump might actually be able to do to the company and why none of the options pose any real threat.

The president has always been vocal with his disapproval of Amazon. Trump tweeted last June 28.

Amazon is known to collect and remit taxes in every required jurisdiction. "Towns, cities and states throughout the USA are being hurt - many jobs being lost!" Its North American sales came to $106 billion past year, suggesting that it collects billions in sales taxes for various states.

Amazon now collects sales taxes across the country in states that have a sales tax and where Amazon has a physical presence with distribution centers or other facilities, such as California. And it also does not collect sales taxes on purchases made on Amazon from third-party vendors. Congress could pass legislation making online sales taxes more uniform.

It has also reached agreements with most U.S. states to pay sales taxes, after years of legal disputes.

Trump also complained December 29 that the loss-ridden U.S. Postal Service wasn't charging Amazon enough to deliver the retailer's packages.

Amazon declined to comment on the tweet. But the Postal Service, in its annual report to Congress, said its revenue from shipping and packages in the year that ended September 30 was $500 million above its forecasts, at $19.5 billion, "due to e-commerce growth" and successful marketing and sales campaigns.

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