Tuesday, 16 October, 2018

Trump takes to Twitter to fire salvo at Amazon and Washington Post

Trump takes to Twitter to fire salvo at Amazon and Washington Post Trump takes to Twitter to fire salvo at Amazon and Washington Post
Ellis Copeland | 29 June, 2017, 19:09

The Obama-era rallying crying "break the internet" has become "tax the internet", at least where President Trump is concerned.

He also called the paper a purveyor of "fake news" and "the guardian of Amazon", a company that he accused of "not paying internet taxes".

"The larger point is not whether he is going to abuse his authority to go after a private corporation that doesn't even, in fact, own the business the Washington Post..." Bezos does not have prior experience in the newspaper business. The company long balked at collecting sales taxes, but by 2012 it was collecting taxes in California, Texas, Pennsylvania and other states. Just over a year later, during one of the presidential debates, he said that avoiding taxes "makes him smart". Total revenue for the quarter was $35.71 billion.

"Amazon is getting away with murder tax-wise".

"T$3 he cover on display at Trump's clubs, observed recently by a reporter visiting one of the properties, contained a number of small but "telling mistakes", the Post wrote".

What, though, could have driven Trump to such ire at this particular moment? Amazon collects taxes on its sales. The fake magazine was given a publication date of March 1, 2009, around the same time a new season his reality show was to debut.

Regarding technology stocks, Lippert said there is opportunity everywhere.

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Bezos, along with Apple CEO Tim Cook, Microsoft CEO Satya Nadella and Google Chairman Eric Schmidt were spotted on camera.

The Washington Post has not lobbied to not pay "internet taxes", which do not exist, aside from fees related to broadband and cellular companies. "It's a very unfair playing field and you see what that's doing to department stores all over the country".

Amazon did not immediately respond to requests for comment.

The only way Trump could have an impact is if he changes regulations, Lippert said, but that would have to go through Congress and is unlikely.

Those physical presences are key to internet retailers' tax situation: They're required to pay sales taxes in states where they have a physical presence, and Amazon's have grown dramatically in recent years as it has cranked up the speed of its deliveries.

Fox News' Cody Desperina and Judd Berger contribued to this article.

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