President Donald Trump Targets Amazon in New Tweets

President Donald Trump Targets Amazon in New Tweets

"I have stated my concerns with Amazon long before the Election", tweeted President Trump the day after Axios published their exposé.

South Dakota argues that brick-and-mortar retailers suffer because they have to collect the taxes and therefore have a pricing disadvantage.

The report claims that the president's wealthy, real estate friends are telling him that Amazon is killing traditional shopping malls and high street retailers.

A spokesman for the U.S. Postal Service declined to comment. But it was not the first time Trump has criticized Amazon or its chief executive, Jeff Bezos.

United States President Donald Trump has taken aim at the online retailing giant Amazon over taxes, saying the company pays "little or no taxes to state & local governments". In other cases, state law requires sales tax to be assessed based on the location of the seller rather than the buyer.

This applies only to what Amazon sells directly to online shoppers. Amazon does not collect state sales tax from third-party sellers in parts of the U.S., in some cases those sellers are required to collect the tax. Amazon already collects state sales tax in all states that have them, though it could be vulnerable to any new tax efforts.

It's important to note that none of this is part of Amazon's own tax burden. The company did indeed fight for years against collecting sales taxes on behalf of third-party resellers who use its system.

This tax collection problem presents two challenges for states and local jurisdictions.




Amazon is only set to get bigger as it moves into the grocery market.

Amazon declined to comment on the tweet.

"The president has said many times before he is always looking to create a level playing field for all businesses, and this is no different", she said. The same document notes that the company set aside $211 million to pay state taxes on its own revenues past year.

And for all the hipster antitrust talk of Amazon as a risky monopoly, it was only responsible past year for 4% of total USA retail sales (though that is an impressive number). During its most recent fiscal year, which ended in September, the USPS reported a total annual revenue of $69.7 billion, which was less than the $71.4 billion recorded in fiscal year 2016. "This means the company was able to shelter more than two-thirds of its profits from tax during that five-year period". In 2006, Congress mandated that the postal service prepay benefits, a special requirement other agencies do not face. Of course, Amazon might not even need the Post Office when its fleet of drones takes flight.

In a week when Facebook was the focus of much criticism amid data security concerns, it was another internet giant that felt the full force of the President's ire. In the 2017 fiscal year, the agency reported a net loss of $2.7 billion; the previous three years, it incurred losses of almost twice that amount. In 2017, the loss was $2.74 billion. Although the service is certainly losing money, the delivery of packages increased by 589m in 2017, which can be partially accredited to Amazon. "To accommodate the surge in volume and to avoid service disruptions during the holiday season, we have increased Sunday delivery service for some of our customers in limited USA markets and are again adding employees for the holiday season". Although the amount that Amazon accounted for is unknown, the Postal Regulatory Commission sees Amazon's arrangement with the service as profitable, according to a source familiar with the relationship. Three nominees are awaiting hearings in the Senate.

Analysts at Stifel said the president's tweets on the topics does not seem "detrimental to Amazon".

Trump says Amazon pays "little or no taxes" to state and local governments, but the facts say otherwise.

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