Trump targets Amazon over taxes

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"I have stated my concerns with Amazon long before the Election", Trump wrote in a single tweet with liberal capitalization.

"The post office actually makes a ton of money from Amazon", the source reportedly said. In one tweet last summer, he asked "Is Fake News Washington Post being used as a lobbyist weapon?"

Trump has gone after Amazon and its billionaire owner Jeff Bezos plenty of times in the past.

Most retail chains also have developed their own e-commerce sites in hopes of competing with the likes of Amazon and mass merchants such as Walmart Inc. and Target Corp. that have sizable online stores. Jassy Andrew R had sold 1,985 shares worth $2.90M on Thursday, February 15.

Amazon declined to comment on Trump's tweet Thursday.

"People are starting to get concerned about these valuations" for the shares of Amazon and other technology firms, said Jerry Braakman, chief investment officer of First American Trust in Santa Ana, which continues to hold shares of Amazon as part of the $1.1 billion of assets it manages. White House Press Secretary Sarah Huckabee Sanders said Wednesday that "we have no announcements and no specific policies or actions that we're now pushing forward or considering".

White House Spokeswoman Lindsay Walters repeated that sentiment to reporters Thursday.

He does see "some small risk" that President Trump could criticize the online retailer using "the bully pulpit" and possibly even place some roadblocks in its way. "We have no actions at this time", she said.

The president has always been vocal with his disapproval of Amazon.

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One potential strategy for targeting Amazon is forcing all third-party sellers to collect sales tax or creating other "tax schemes".

To his credit, Trump has voiced his "concerns" with Amazon for years, as he said on Thursday.

The Trump administration has urged the U.S. Supreme Court to let state and local governments collect billions of dollars in sales taxes from online retailers. A ruling is expected by late June.

Amazon now collects sales taxes across the country in states that have a sales tax and where Amazon has a physical presence with distribution centers or other facilities, such as California. "He'd be supportive of such efforts", he said.

Some states have gone ahead and passed such laws.

In the past Amazon has been criticised for attempting to skirt state sales taxes, but since April a year ago it has voluntarily collected state sales tax on items it sells direct to customers in all 45 states that have one.

President Donald Trump tweeted Thursday that Amazon was causing "tremendous loss" to the Post Office. Amazon regularly uses the Postal Service to complete what's called the "last mile" of delivery, with letter carriers dropping off packages at some 150 million residences and businesses daily. Amazon.com's revenue was up 38.2% on a year-over-year basis. sell-side analysts expect that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.

The mail service is independently operated and strikes confidential deals with retailers. The institutional investor held 199,592 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $3.48 million, up from 180,190 at the end of the previous reported quarter. Amazon hopes to offer a better experience.

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