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President Donald Trump took another shot at Amazon.com Thursday, tweeting that the online retailer pays "little or no taxes" and that it uses the U.S. Postal Service as "their Delivery Boy".

I believe a "Trump tech tax" targeting companies like Amazon is likely to only hurt the US consumer, given the prevalence of Amazon domestically - Amazon's growing presence globally will allow the company to strategically focus its efforts on lower-tax areas, giving the company a small moat to defend itself against such legislation. He also notes how they "use our Postal System as their delivery boy (causing tremendous loss to the U.S.) and are putting thousands or retailers out of business!" In fact, Amazon collects sales tax in roughly 45 states and the District of Columbia, just like the physical retailers it competes against.

Read Friday's Arkansas Democrat-Gazette for full details.

Sources speaking with Bloomberg say Amazon is in early talks with banks about offering a checking account-like product to those too young to open one at a traditional bank without their parents' permission.

Trump's latest assault on Amazon blamed the company for forcing other retailers out of business.

President Trump has previously been critical of Amazon's treatment of the United States Postal Service.

With this, the Amazon shares fell about 4.4 percent on Wednesday.

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Trump's frustrations with Amazon are no surprise.

"Right now there is no internet sales tax", said Shah, adding his own misdirection about Amazon's tax collecting. On Wednesday, Sanders said the Trump administration now had "no announcements and no specific policies or actions that we are now pushing forward or considering taking". "We think, for the most part, that it would be hard for the current administration to materially change the landscape for Amazon".

On July 24, 2017, the president tweeted about Amazon / the Washington Post three separate times, including one tweet where he openly wondered if the Post was being "used as a lobbyist weapon against Congress to keep politicians from looking into Amazon" and its taxes.

"Walmart was crushing the little guys before Amazon, and more of Amazon's growth is coming from the Walmarts of the world", Kerner said.

Trump's dislike of Amazon is well-documented, as he tweeted about the company and its CEO Jeff Bezos back in 2015. "So has Starbucks, Barnes & Noble, Kroger and any other superstore that took share from small businesses".

Like other major publications, Trump has said the Washington Post publishes "fake news" in order to hurt his presidency.


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