President Trump goes after Amazon again

If you're looking for a good stock to buy today have we got a deal for you! Amazon is down 5% Wednesday

"Obsessed." President Trump is reportedly considering altering Amazon's tax treatment as he is anxious that the e-commerce giant may put small, privately owned "mom-and-pop" stores out of business.

Mr Trump accused Amazon.com Inc of not paying enough tax, taking advantage of the USA postal system and putting small retailers out of business, but did not present any evidence to back up his criticisms or suggest any specific actions he planned to take.

At time of publication, Amazon shares were trading in the green at $1,432.

Trump's attacks on Amazon reflect a broader debate about its effect on the USA economy.

Amazon.com Inc. did not respond to a request for comment.

Amazon played a major role in two of Trump's biggest accomplishments - the stock market rally and the white hot USA jobs market. "So that the politicians in Washington don't tax Amazon like they should be taxed". USPS declined to comment on Trump's tweet.

Amazon fought for years against collecting sales tax but now collects taxes nationwide.

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Years ago, when Amazon had few warehouses, it was able to get a competitive advantage by not charging sales tax. Amazon customers do pay sales tax on their purchases and the company has lobbied for an internet sales tax in the past. It is, however, looking to reduce that dependency by expanding its network of distribution centers. Amazon pays taxes in most states.

The issue is still being disputed at the federal level, with the U.S. Supreme Court set to hear oral arguments on April 17 in a case which could reverse a 1992 decision that only companies with a physical presence in a state are required to collect state sales tax. It followed criticism of Amazon by the President in the past over taxes and jobs. Amazon does not have to collect taxes on third-party or marketplace sellers. And Amazon signed a deal in 2014 with the post office to deliver packages on Sundays.

This would be good for Amazon's business, but raises the question of how much information we turn over to tech companies in the name of convenience. Amazon pays the same rate as other bulk shippers, CNN reported.

"The headline risk for Amazon is likely to continue for as long a President Trump calls the White House home, but we doubt his personal antipathy for Jeff Bezos will translate into actual policy". Amazon effectively helps the Postal Service spread its costs over a seven-day week.

Amazon isn't the biggest problem for the postal service. But it's not Amazon's fault: Citigroup previous year reported that the average parcel rate would need to increase by about 50% for the Postal Service to break even.

Strong currents are pushing traditional stores to the brink. "So has Starbucks, Barnes & Noble, Kroger and any other superstore that took share from small businesses".

But judging from Trump's past tweets, there is a significant amount of evidence to suggest that the president is, in fact, "obsessed" with Amazon.

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