Published On: Fri, Mar 30th, 2018

Amazon attacked by Trump on basis of not paying enough tax

 

In latest news about President Donald Trump, he has once again increased his attacks on the online e-commerce store Amazon. He tweeted by saying that this mammoth organization in e-commerce trading is not paying enough taxes and he is soon going to use his office power to settle this mater.

Amazon attacked by Trump on basis of not paying enough tax

President Trump further accused Amazon by saying that company has put off thousands of local retail business from the market and it is using US Postal service as its own “Delivery Boy”.

Trump has been lashing out on both Amazon and its founder Jeff Bezos on and off since 2015 in his twitter posts. Trumps anger towards Amazon is due to the fact that The Washington Post often publishes negative stories about Trump and the newspaper is owned by Jeff Bezos himself.

President only has little authority t take action against such a company. The orders have to come from independent Federal trade Commission or the Justice Department who have ensured that they will keep politics out from their respective duties.

Also See:Amazon CEO Jeff Bezos Makes A Biggest Mistake, Favors Walmart Growth

Whitehouse Spokesperson, Lindsay Walters released a statement, “President has expressed his concerns about Amazon but at the moment we are not taking any actions”.

Trump’s characterization of the company as not only tax cheater but also a job killer has its own implications on company’s prospect despite the fact that the official action has not been taken by federal government.

Angry and disdainful comments from president of USA have already spooked the company’s investors that have left the stocks tumbling down since last Wednesday. Trump’s Thursday comments made the price go even lower but they recovered shortly thereafter.

Supreme Court is going o hear arguments for the case about either imposing taxes on internet sales or not in April. Many critics have already predicted that court is going to reverse their 1992 ruling this time.

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