Trump Fires Another Round at Amazon Over Postal Rates, Taxes

02 April, 2018, 00:49 | Author: Shannon Aguilar
  • Trump loads another tweet into the chamber — and fires on Amazon again

The President took to Twitter in an effort to articulate his anti-Amazon position after an Axios report published Wednesday, March 28, 2018, suggested that the President "hates" and "is obsessed with" the online-and, recently, on-ground-retailer and its CEO Jeff Bezos.

While the White House downplayed the report, Trump himself tweeted Thursday that he has long had concerns about Amazon.

Cloudtail, appointed a senior Amazon executive Sumit Sahay as its CEO previous year, is the most important seller for Amazon in India and the company relies heavily on it to push top selling categories.

But, earlier this year, the Supreme Court agreed to listen to arguments over internet sales taxes after South Dakota and 36 other states argued that times have changed in the Amazon era.

The company - or more specifically its CEO Jeff Bezos - is a frequent target of the president.

A Supreme Court ruling favouring South Dakota could funnel up to $13 billion (£9.3 billion) annually of new tax revenues into the coffers of affected US states, according to a 2017 federal government report.

Amazon founder Bezos also privately owns the Washington Post, which won a Pulitzer Prize past year for its investigation of Trump's donations to charities.

Trump has criticized the big e-commerce company over taxes and jobs in the past, without offering evidence. Now the company charges sales taxes in the 45 states that have them and the District of Columbia.

Jeff Sessions names prosecutor to probe Federal Bureau of Investigation misconduct, denies appointing special counsel
Huber has appeared at a number of press conferences alongside top justice officials like Deputy Attorney General Rod Rosenstein. Huber was appointed in 2015 by President Barack Obama, and reappointed past year by President Donald Trump .

Kidd, Nash, Hill, Cheeks make Hall of Fame
Cheeks averaged 11.1 points and 2.1 steals per game and was the starting point guard for the 1983 champion Philadelphia 76ers . Hill finished his career with seven All-Star appearances, First Team All-NBA honors in 1996-97 and was the Rookie of the Year.

Criticism Prompts Facebook To Change Privacy Controls
Facebook said yesterday it would overhaul its privacy settings tools to put users "more in control" of their information. The apps' Privacy Shortcuts page has also been simplified with "clearer explanations of how our controls work".

Brick-and-mortar stores have closed by the hundreds, as retail chains struggle to compete with the convenience of online shopping, a transformation led and dominated by Amazon.

Hassett focused on the fact that Amazon does not collect the taxes on sales made by third-party vendors, which is estimated to be about half of its total sales. Separate figures in the report show it was expecting to pay $100 million to $200 million in taxes at the US state level in 2017. At one point, he referred to the paper as "Amazon Washington Post".

Analysts at Stifel said the president's tweets on the topics does not seem "detrimental to Amazon". The company previously reported paying $412 million in income taxes in 2016, $273 million in 2015 and $177 million in 2014, according to the commission. The Post Office lost $2.7 billion past year, but "Shipping and packages were a rare bright spot for USPS in 2017, one of two sub-categories of mail for which revenue increased, rather than declined", according to Quartz.

"With Facebook and regulatory worries, the last thing nervous tech investors wanted to see was news that Trump is targeting Bezos and Amazon over the coming months as this remains a lingering cloud over the stock and heightens the risk profile in the eyes of the Street", GBH Insights analyst Daniel Ives said.

In his tweet, Trump also took aim at the company's use of the postal service is "causing tremendous loss", but that too is misleading.

"The growth in our Shipping and Packages business provided some help to the financial picture of the Postal Service as revenue increased $2.1 billion, or 11.8 percent", USPS said in a press release.

Trump's claim that Amazon is to blame for the U.S. Postal Service's woes dates back to December, when he said via Twitter that Amazon's deal, which includes Sunday delivery via the regular mail, was making it "richer and the Post Office dumber and poorer". The online retail giant clearly leverages many tools to keep the tax man at bay.

Given that they follow the same model one would think Donald Trump would have more respect for Amazon but he's clearly not a fan.



Panic in IL over 22 people bleeding from their eyes and ears
Recent patient reports of severe bleeding led health officials to warn the public not to use any synthetic cannabinoid products . Melissa Millewich, an emergency room physician at Advocate Good Samaritan Hospital in Downers Grove, told the Chicago Tribune .

Azarenka out of Miami Open 2018
She came to Key Biscayne with $305,385 in career earnings, to which she'll add at least $327,965 now that she's in the semifinals. In the semifinals Collins will meet No. 6 seed Jelena Ostapenko , who upset No. 4 seed Elina Svitolina 7-6 (3), 7-6 (5).

Turkish PM spurns French terrorist mediation offer
Erdogan spoke last week with Macron about the French president's criticism of Turkey's Afrin campaign. The sources initially said five soldiers were killed.It was not clear when the attack occurred.

Cambridge Analytica Whistleblower Christopher Wylie Says Congress Was A Client
Christopher Wylie says Cambridge Analytica "don't care whether or not it's legal as long as it gets the job done ". Shares began falling on March 16 - after the privacy breach involving 50 million Facebook users was revealed.

Mets icon Rusty Staub dead at 73
A six-time all-star, he recorded 2,716 hits with 292 home runs and 1,466 RBIs during his career. He was a key member of the Amazin's 1973 team that lost to the Oakland A's in the World Series.

Snow to fall on Scotland from tonight amid Easter traffic chaos
And if the forecast is right, the Black Country and Staffordshire could face a similarly snowy scene this Easter. It equalled the average temperature in March 1947, with only March 1962 colder at 1.9°C (35°F).

Maryland court overturns murder conviction for Serial's Adnan Syed
Syed's conviction was originally vacated by a lower circuit court in 2016 , but the State of Maryland appealed that decision. After Syed's 2016 court victory, Lee's family issued a statement expressing their disappointment.

Decorate, enjoy eggs this Easter
All proceeds from the dessert auction will fund other community events and activities at the River City Farmers Market. Saturday, March 31 and attendees are asked to walk to their closest event, if possible, since parking will be limited.

Race to robot cars continues after fatal crash
Nvidia has also halted testing of AVs until more is known about the cause of the Uber collision. We've reached out to Velodyne for comment on the Uber self-driving car's blind spots.

Roseanne revival premieres to massive ratings
The ABC sitcom demolished the competition with an intimidating 5.1 demo rating , according to TV By the Numbers . Roseanne's brief run picks up next Tuesday, airing single episodes at 8 p.m. for another seven weeks.