President Donald Trump Targets Amazon in New Tweets

Amazon delivery

This happened after last year's USA tax reform and against the pressure of President Donald Trump against the company.

Trump is no fan of Amazon, and he often broadcasts this on Twitter.

The Federal Trade Commission quickly gave its blessing to Amazon's acquisition of Whole Foods Market, an indication that the company was far from triggering serious antitrust concerns.

For a time, many people selling things on Amazon would set themselves up in states with little or no state income tax, and then declare that all the income they earned in the US should be taxed as though it was from there, regardless of where the buyer was from. Led by former Obama Administration press secretary Jay Carney, Amazon's D.C. unit past year deployed 30 in-house lobbyists. Are packages to the White House not being delivered on time? The president would love to clip CEO Jeff Bezos wings.

Amazon shares dropped 4.4 per cent Wednesday after Axios reported that Trump is "obsessed" with Amazon and is seeking to find ways to "go after" the company with antitrust or competition laws.

Changing Amazon's tax treatment or using antitrust law to thwart Amazon would be hard.

In response to questions about the Axios report, a White House official said no specific policy changes related to Amazon were known, but it was always looking at different options on a range of policy issues.

The clarification, however, wasn't enough to reassure Amazon investors. "Big tax shelter", Trump said on Twitter in December 2015.

Though the retailer has provoked the ire of the President, an editorial published by The Wall Street Journal rebuffed the Trump's complaints, explaining that "the executive branch can't do much to hurt Amazon". Last year, the president blasted the company for doing damage to "tax paying retailers".

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In Ireland, we're used to hearing claims of tech firms and multinationals not paying enough tax and it's a debate that rages here in the United States as well.

When asked about Treasury Secretary Steve Mnuchin's earlier comments regarding the potential for creating an Internet sales tax, Sanders provided some additional context.

President Trump on Thursday tweeted criticism of Amazon, implying that the administration may be mulling some type of regulatory action.

To comply with federal law, the Postal Service in 2017 had to generate at least $1.6 billion in income from its "competitive nonpostal services", which includes Amazon package deliveries.

On Wednesday, shares of the largest US online retailer tumbled after a report that Trump might be looking for ways to turn his threats into action.

Brick-and-mortar stores have closed by the hundreds, as retail chains struggle to compete with the convenience of online shopping, a transformation led and dominated by Amazon. Internet shoppers have countless websites to choose from.

But it wasn't clear whether this was because of some of Amazon's actual practices, or perhaps because Jeff Bezos, the Amazon CEO, also happens to own the Washington Post. Donald Trump has a lower ranking with a net worth, according to Forbes, of $3bn. Bezos also owns the Washington Post, an outlet Trump has repeatedly derided as "phony" and "fake news". Its journalists frequently break stories that are critical of the White House.

The US e-commerce giant ceased its partnership with the largest lobbying company in Washington and has recruited new advisers. Last year, the company bought the Whole Foods supermarket chain for nearly $14 billion. The site allows him to bypass the traditional media and effectively "cut out the middleman".

"If I become president, oh do they have problems", Trump said at a campaign stop in 2016.

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