Tags: donald trump | jeff bezos | amazon | ecommerce

Trump Escalates Attack on Amazon, Slams it on Taxes, Shipping

Trump Escalates Attack on Amazon, Slams it on Taxes, Shipping
(AP)

Thursday, 29 March 2018 09:11 AM

U.S. President Donald Trump on Thursday blasted Amazon.com Inc with a list of complaints, a day after news website Axios reported that Trump wants to rein in the mega retailer's growing power using federal antitrust laws and led its shares to fall almost 5 percent.

Amazon founder and chairman, Jeff Bezos, also owns the Washington Post, which won a Pulitzer Prize last year for its investigation of Trump's donations to charities. The probe found that many of Trump's philanthropic claims were exaggerated and often were not charitable donations.

Apart from nationwide goods deliveries, Amazon's services include video streaming, a digital home assistant known as Alexa, and an online payments program.

"I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!" Trump said in a post on Twitter early on Thursday.

Trump's claims about Amazon's state and local tax payments were met with skepticism. While the company was once criticized for attempting to skirt state sales taxes, it currently has a reputation as a leader in collecting the levies, which can vary from state to state.

Legally pursuing Amazon could affect more than the company's share price, which was largely steady after Trump's tweet. Amazon is currently in the process of establishing a $5 billion second headquarters which could bring 50,000 new jobs to the location it selects. In January, it winnowed the list of possible locations down to 20 metropolitan areas.

© 2019 Thomson/Reuters. All rights reserved.

   
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U.S. President Donald Trump on Thursday blasted Amazon.com Inc with a list of complaints, a day after news website Axios reported that Trump wants to rein in the mega retailer's growing power using federal antitrust laws and led its shares to fall almost 5 percent.
donald trump, jeff bezos, amazon, ecommerce
269
2018-11-29
Thursday, 29 March 2018 09:11 AM
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