Trump wants to go after Amazon

Amazon CEO Jeff Bezos Drew Angerer/Getty Images

Business Insider
by Bob Bryan
3/2018

Excerpt:

• President Donald Trump is reportedly “obsessed” with Amazon.
• The president is considering targeting the retail giant’s tax status or antitrust action.
• Trump blames Amazon for the decline of brick-and-mortar retailers and the pain that has caused real-estate developers.
• And he thinks the company is getting a free ride from the US Postal Service.

President Donald Trump is “obsessed” with Amazon, according to a new report, and is eyeing legal means to go after the online retail giant.

According to Axios’ Jonathan Swan, Trump believes Amazon is a negative force for smaller, locally owned retailers and wants to find a way to curtail the company’s dominance in online shopping. Among the options he is considering: a change to Amazon’s tax status or cracking down through antitrust rules.

Trump’s considerations come as the Supreme Court considers a case that would give states more power to collect sales tax on online retailers.

While Amazon already imposes the applicable state sales tax on goods it sells, when a third-party seller uses the platform, it is up to that seller to collect sales tax. Many third-party sellers on Amazon do not currently collect those taxes.

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View the complete article including image and links at:

http://www.businessinsider.com/trump-amazon-wants-tax-antitrust-change-jeff-bezos-2018-3