Washington – U.S. President Donald Trump is not attacking the business sector with his recent critiques of Amazon.com Inc but wants the online retailer to do more when it comes to taxes, his economic adviser said on Wednesday.
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“His view on Amazon is we’ve got to have a level playing field with regards to taxes,” Kudlow told reporters at the White House. “They have improved their tax collections, but more can be done.”
Trump, a Republican, has been harshly critical of the company in recent days, making unsubstantiated claims that the U.S. Postal Service is losing money shipping Amazon’s packages and accusing the retailer of not paying enough taxes.
Shares of Amazon have slumped, and on Wednesday were down 0.3 percent in mid-day trade on the Nasdaq amid a wider losses on Wall Street over the latest U.S.-China trade spat that has drawn in the technology sector.
Seattle-based Amazon voluntarily collects state sales tax on items it sells direct to customers in all 45 states that impose one, but is not required to collect taxes on third-party sellers using its Marketplace service.
Asked about that, and the bulk shipping rate that Amazon and other companies pay, Kudlow said: “There’s a lot of glitches in that” but gave no other details.
Representatives for the retailer could not be immediately reached for comment.
Every day Toxic Trumpf makes blowhard statements or tweets, then nothing happens. On his ‘Wall’ on China on Amazon on the free press on blah blah blah. Last week he said we’d pull out of Syria turning it over to his pal Tsar Pootin. His own Defense Dept and State Dept didn’t know! What a useless pile of kreplach he is.
Amazon is paying all State taxes
Amazon is paying all Federal taxes.
Amazon is paying the bulk shipping rate that the other companies pay.
President Donald TRump is not attacking the business sector with his recent critiques of Amazon.com Inc .
TRump is attacking Bezos.
Political revenge.
Trying to censor the free press.
Bad. Bigly.
This is so much diversionary BS…Spanky Trump made a clear, unsubstantiated claim that Amazon is costing the USPS money…and today there are fact checking reports all over the news that in fact the USPS profits from it’s relationship with Amazon…
…as well as comments from the US Chamber of Commerce and a number of corporate business leaders sharply critical of “political leaders” (I.e., Spanky) who target individual companies.
“It’s inappropriate for government officials to use their position to attack an American company,” said Neil Bradley, the executive vice president and chief policy officer of the chamber. Mr. Bradley, who did not specifically name Mr. Trump, added that criticism of companies from politicians “undermines economic growth and job creation.”
…and…
“This is an unprecedented situation for companies. The president’s tweets can cause significant reputational harm,” said Dean C. Garfield, the president of the Information Technology Industry Council, which represents big technology companies like Amazon, Dell, Facebook, Google and IBM. “We are now at a place where about 90 percent of the companies we represent now have a presidential Twitter strategy in place.”
“It’s no laughing matter,” he said.
Remember, Trump’s comments were factually rubbish…real fake news.
Dumping Spanky would make America Great Again.
Trump has no idea how Amazon’s deal with USPS works or how the economy is changing. Amazon did destroy businesses and caused job loss. It also created businesses and jobs and online is where the economy is headed.