Trump escalates attack on Amazon over tax

Written by admin on 2018-12-17 Categories: 苏州夜网

US President Donald Trump has stepped his attack on Amazon, saying it’s not paying enough tax.US President Donald Trump has accused Amazon苏州楼凤 of not paying enough tax, taking advantage of the US postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take.
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Trump has attacked Amazon and its chief executive Jeff Bezos several times, and his latest comment on Twitter came a day after news website Axios reported that Trump was obsessed with the world’s largest online retailer and wanted to rein in its growing power with federal antitrust laws.

“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 tweeted early on Thursday.

Amazon shares fell as much as 4.5 per cent in morning trade, but later pared losses, down 1.3 per cent at midday. The stock dropped 5 per cent on Wednesday following the Axios report. Amazon declined to comment on the tweet.

It was not clear what Trump’s comments were based on.

Amazon has in the past been criticised for attempting to skirt state sales taxes, but since April last year it has voluntarily collected state sales tax on items it sells direct to customers in all 45 states that have one. Amazon does not have to collect taxes on third-party or marketplace sellers.

Trump’s charge that Amazon causes the United States Postal Service to lose money is unsubstantiated.

Details of Amazon’s payments to USPS, which delivers its packages to millions of US consumers and businesses, are not publicly known. USPS declined to comment on Trump’s tweet.

An independent agency of the US federal government, USPS reported a net loss of $US2.7 billion for fiscal 2017, largely due to increased costs of retirement benefits.

Lucrative online retail delivery for Amazon and other online retailers is the fastest-growing part of USPS’ business, helping offset a sharp decline in regular first-class mail. Its revenue from shipping and packages in fiscal 2017 was $US19.5 billion, up 13 per cent from the previous year.

Amazon founder Bezos also privately 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. Trump often refers to the paper on Twitter as the (hashtag) AmazonWashingtonPost.

White House Deputy Press Secretary Raj Shah denied on Thursday that Trump’s criticism was a personal grudge.

“A lot of people have made this, with respect to Amazon, about personalities and the CEO at Amazon – we’re talking about Jeff Bezos here,” he said on Thursday on the Fox News channel. “It’s really about policy.”

Shah said Trump was not making specific policy changes.

“There are a number of proposals that have worked their ways through the House and the Senate or have been considered by the House and the Senate. He’d be supportive of such efforts,” he said.

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