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Archive | July 25, 2017
July 25, 2017  

Donald Trump Incensed With ‘Washington Post’ Claims (Inaccurately) That Amazon Has ‘No-Tax Monopoly’.

by Anura Guruge

Monday, July 24, 2017 late night TWEET (around 10pm Eastern). Click to ENLARGE.

This is essentially FAKE NEWS on the part of the President.

As of April 2017 Amazon is collecting Internet sales tax on shipments to ALL states that have a sales tax. That is an irrefutable tax. So for Trump to claim that Amazon has a ‘no-tax monopoly’ is wrong.

Yes, prior to April 2017, Amazon like so many other online retailers did not collect (and handover) sales tax to states that had such a tax. But, Amazon did not have a monopoly and the whole issue of Internet-tax has yet to be fully thrashed out yet.

So, yes, it is true that Amazon in the past was ‘no-tax’.

And yes it is still true that Amazon does NOT force 3rd-party sellers on Amazon from charging sales tax. It probably should to be consistent and avoid Trump having a sliver of an excuse.

Well, as I said just a few days ago, Trump’s vendetta against the Jeff Bezos owned ‘The Washington Post’ could BEGIN to harm Amazon — though AMZN hit an all time HIGH on Monday!

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++++ Search on ‘Amazon’ for many, many related posts >>>>

by Anura Guruge

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