Here's how President Trump could go after Amazon (AMZN)

pulse

March 29, 2018 2:47 PM

US President Donald Trump is “obsessed” with Amazon and is interested in finding ways to go after the e-commerce titan

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US President Donald Trump is “obsessed” with Amazon and is interested in finding ways to go after the e-commerce titan, sourcestoldAxios.

He reportedly feels that Amazon is not paying its fair share of taxes, and has previouslyclaimedthat The Washington Post is being used to cover up Amazon's supposed evasion, as Jeff Bezos runs Amazon and owns the newspaper. President Trump is also unhappy with how he believes Amazon is hurting the retail industry, and brick-and-mortar retailers in particular.

President Trump does not currently have a specific plan to attack Amazon, and one may never comes to pass, but there are several ways he could go about it.

Antitrust regulation:
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Federal income taxes:
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Meanwhile, the company is still selecting the location for its second headquarters, and has fielded bids that could further shield it from taxes. Amazon has received a number of bids that feature tax breaks, the ability to keep its employees’ income taxes, and likely much more, all of which would make it easier for Amazon to pay less in taxes. While these deals would be valuable to Amazon, the potentially extreme level of tax immunity they provide may lead to public backlash, which could bring on new regulations and laws that would hurt the company.

pulse