Trump adviser ties Amazon criticism to US Supreme Court case

Trump loads another tweet into the chamber — and fires on Amazon again

Trump also wants to change Amazon's tax treatment, the report said, an issue the president raised publicly a year ago when he called for an internet tax for online retailers, even though Amazon already collects sales tax on items it sells direct to customers.

A day after reports suggested Donald Trump has it in for Amazon, the USA president added gasoline to the fire on Thursday, tweeting that the company is dodging its tax obligations.

What's more, e-commerce - and Amazon was responsible for about 44% of all USA e-commerce sales previous year - is a sizable job creator.

States could gain anywhere from US$8.5 billion to $13.4 billion in additional revenue if they were allowed to mandate sales tax collection from all remote sellers, including B2B and B2C companies, according to a Government Accountability Office study released last fall. But he also said, "We're not laying out specific policies". And he could thwart Amazon's aspirations to win a multibillion dollar Pentagon contract for cloud services. The most recent year's losses of $2.7 billion are down from more than $5 billion in each of the prior two fiscal years.

The reason for this varies across states, including Amazon applying interstate "use taxes", which in some cases don't include the local tax rate, the report said.

Amazon is one of the biggest companies in the world, and its financials are fair game for critics, but Trump's distortions don't add up and are worthy of Three Pinocchios. The e-commerce behemoth largely doesn't collect tax on third-party sales facilitated through its marketplace platform, but has agreed to do so in Washington state and Pennsylvania.

It's well established that the online retail giant has grown at the expense of brick-and-mortar shops.

In another financial report a year ago, USPS said growth in its package business was "a result of our successful efforts to compete in the ground shipping services and "last mile" e-commerce fulfillment markets, including Sunday delivery".

Track & Field Captures Little Three Title
The 4x200 relay team of Myah Kremer, Alexis Cole, Georgia Reemitz and Addison Rodel crossed the line fifth for five points. In varsity events, Kataryess Griffin competed in the 100-meter dash, finishing sixth with a time of 11.66 seconds.

For a time, many people selling things on Amazon would set themselves up in states with little or no state income tax, and then declare that all the income they earned in the US should be taxed as though it was from there, regardless of where the buyer was from.

At the end of the day, Trump's comments are unlikely to have a major impact on Amazon's bottom line, said Thad Peterson, senior analyst with the Aite Group.

Meanwhile, Amazon may not be paying its share of local sales taxes.

"If there is a law that regulates how you tax third-party sellers, it's going to apply to everyone and Amazon's position will remain the same", said Steve Chiavarone, a portfolio manager at Federated Investors. But is Amazon paying little or no taxes to states and local governments? In a letter in July to The Wall Street Journal, Corbett wrote that the Postal Service's "competitive package products, including those that we deliver for Amazon" are legally required to cover the costs incurred.

"During the previous five years, Amazon reported USA profits of $8.2 billion and paid an effective federal income tax rate of just 11.4 percent", wrote Matthew Gardner, an ITEP senior fellow.

"They're not making money in retail, and they're putting retailers out of business", Simon told CNBC.

The reported hostility from the White House comes as the Seattle company's profile in the capital rises along with its growing array of businesses interests.

The company - or more specifically its CEO Jeff Bezos - is a frequent target of the president. But it was not the first time Trump has criticized Amazon or its chief executive, Jeff Bezos. "It's really about policy".

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