Additionally, Amazon pointed out that it “invested hundreds of millions of dollars…directly into the USPS last mile network. This investment resulted in more efficient processes as well as thousands of jobs and related economic benefits in local communities.”
Trump wants to go after Amazon over taxes
On Wednesday, Axios reported that Trump is obsessed with Amazon and he wants to go after it due to its tax treatment. He also believed that the e-commerce giant is hurting brick-and-mortar retailers and shopping malls. He is wondering if the government could the use the antitrust or competition law against the company.
Amazon’s stock price declined more than 4% on Wednesday. The e-commerce giant lost more than $30 billion in stock value that day.
On Thursday, Trump confirmed the media outlet’s report. In a tweet, he emphasized that he had concerns with Amazon long before the election. He noted that the e-commerce giant is paying “little or no taxes to state and local governments.” He also claimed that it is “putting many thousands of retailers out of business.”
I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business!
— Donald J. Trump (@realDonaldTrump) March 29, 2018
Over the past five trading days, Amazon’s stock price dropped 6%. Before the Axios report, AMZN shares traded as much as $1,574.26 each. On Thursday, the stock closed at $1,447.34 per share.
